Snoop Dogg Is an NFT Whale Using the Pseudonym ‘Cozomo de’ Medici’Īny NFT can be divided into millions or even billion of pieces, letting that many people buy and own parts of it.Fractional NFTs are further believed to have an important part in democratising the crypto culture. The concept of fractionalised NFTs is aimed at allowing retail traders of art works to reap advantages of experimenting in the crypto space. However, unlike at the Louvre, collective ownership of art is really only possible using crypto art,” Jamis Johnson, chief pleasing officer of an organisation called PleasrDAO that represent member NFT collector had recently said, explaining the concept. “It is very much as if the Louvre decided to fractionalise the Mona Lisa and distribute a portion of it for the public to own. 125 crore worth) it's no surprise that people are now looking at ways in which these purchases can be divided among groups, for NFT projects where people believe the value will go up over time. With the values of NFTs going up (earlier this week, for example, rapper Snoop Dogg revealed that he's been calling NFTs under a pseudonym, and has over $17 million or roughly Rs.
Someone else can always make prints, but the original can be recognised. This way, someone who owns an original piece of digital art remains its owner, just like if you bought a physical painting. NFTs are (to oversimplify) digital assets that carry a unique fingerprint, that can be identified even if the files are copied. After the skyrocketing popularity of NFTs among collectors, a new trend is the emergence of fractionalised NFTs (non-fungible tokens), that allow someone who owns assets on the blockchain to break down the ownership into smaller pieces.
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