Fractional NFTs
Plain English
Splitting expensive NFTs into smaller, affordable pieces that multiple people can own. Like buying shares of an expensive painting instead of the whole thing. Each person owns a fraction and can trade their piece independently.
Technical
Mechanism for dividing NFT ownership into fungible tokens representing fractional shares. Enables price discovery for illiquid assets, democratizes access to high-value NFTs, and creates liquid markets for traditionally illiquid assets. Implemented through vault contracts that hold the original NFT and issue representative tokens to fractional owners.