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Can cross-chain NFT marketplaces support fractional ownership?
Yes, users can purchase fractional ownership of an NFT on cross-chain NFT marketplaces. However, it
Yes, users can purchase fractional ownership of an NFT on cross-chain NFT marketplaces. However, it requires complex technologies to function, as a cross-chain NFT marketplace supports multiple blockchain networks.
Fractional ownership involves splitting an NFT into smaller shares, allowing multiple individuals to own partial ownership of a valuable NFT. This works similarly to a stock exchange, where people buy shares (small ownership) of a large company.
In a Cross-chain NFT platform, users can buy fractions across various blockchain networks. This involves locking an NFT on its own blockchain and offering a fractional token on other networks. This technology is still evolving, but it offers more opportunities to people across various networks.