Which cryptocurrencies are most commonly associated with the concept of fractional ownership in the NFT space?

1 answers

• Hogan McneilOct 04, 2023 · 2 years ago
  Fractional ownership in the NFT space is a concept that has gained significant attention, and several cryptocurrencies are commonly associated with it. Ethereum (ETH) is the leading cryptocurrency in this regard, as it is the most widely used blockchain for NFTs. Ethereum's smart contracts allow for the creation of fractional ownership arrangements, where multiple individuals can collectively own a portion of an NFT. Binance Coin (BNB) is another cryptocurrency that is frequently linked to fractional ownership in the NFT space. Binance, one of the largest cryptocurrency exchanges, has its own NFT marketplace that supports fractional ownership. Lastly, Flow (FLOW) is a blockchain specifically designed for NFTs and has gained popularity for its scalability and support for fractional ownership. These cryptocurrencies provide the necessary infrastructure and platforms for fractional ownership in the NFT space.
  919

  460