Kevin Whitsitt
Can an NFT be Divided? 3 Surprising Benefits!
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:06:39
- More information
Informações:
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