Kevin Whitsitt

Can an NFT be Divided? 3 Surprising Benefits!

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Synopsis

Click on the link to learn more about Divided NFTs.  https://www.trustthelink.com/can-an-nft-be-divided-3-suprising-benefits/  Hello,    Today I want to talk about fractional NFTs. NFT as you probably know is rare digital shit. It's one of a kind. With cryptocurrencies like Bitcoin, each one is like all the other ones.    There is a way to break up an NFT. Someone would put it in a vault and then issue ERC20 Tokens that are the same to various investors.   An ERC20 token you could think of as the software WordPress for a Website.  It just helps exchanges and wallets hold the token. ERC means Ethereum Request for Comment and I have no idea what the 20 means.   Why would someone want to break up an NFT?  One large reason is the cost.    Some NFTs can go for a lot of money just look at the Bored Ape Yacht Club right? One of those Apes can go for over $200,000.   Maybe someone really likes the collection but doesn't have that type of