The combination of fractional ownership and NFTs has me excited.
The clear step forward from the position the internet is in right now is through NFTs. Looking at all the different theories on how NFTs can revolutionize the internet and personal ownership is a very thrilling thread to follow. The process of evolution has brought along Web3, what is truly worth waiting for is fractional ownership through NFTs.
In the post where I talk about digging deep into truly understanding what NFTs are, I shared some news about Madonna's unreleased music and Tory Lanez's songs that were sold for a massive chunk as NFTs.
What is the next step from here?
The value smart contracts have in a future setting is still being discovered. Say, if NFTs and fractional ownership can be built together as one with smart contracts becoming the adhesive material, it is possible to see a new era in music where talented artists are discovered faster, requirements of capitalists and labels along with their politics can be removed from the equation, new millionaires are created, and a fairground for future times can be created.
With fractional ownership, a person or entity can now gain partial ownership of something valuable (or potentially valuable) and reap growing benefits of owning the said something.
Musicians are now looking at the NFT space to promote their art. It is already difficult for talents to get signed to a label and even more difficult for someone to invest in their art with much passion.
Say, you found Shawn Mendes (before fame) on an NFT space where he was minting his works. He is yet not signed to any label and is finding it difficult to reach out to investors. However, he is offering his music NFT as fractional ownership for anyone that takes ownership of his NFT to raise funds. Once his songs start going mainstream, you as a fractional owner of his work can now earn royalties on the songs you have fractional ownership on.
The value of the NFTs you own will either go up or down depending on the same factors that make a song popular today, i.e., singer, music, genre, publicity, and so forth. The only difference between regular industry music and NFT music is that everyone is now an investor and can earn royalties while the artist can still remain independent and still make a big buck from their work. The NFTs can also be traded just as stocks are.
The truth of the matter is, fractional ownership is only going to get bigger with time. I think it is the natural order of this space. The evolution of the internet, where fractional ownership is getting bigger, to NFTs will make this more reachable and truly independent.
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Fractional ownership should ensure a low entry point for many investors.
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Very excited about it. It will drastically change the investing game.
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Fractionalized NFTs are a really cool concept. It removes the barrier to entry for people that couldn't previously afford, or maybe didn't want to spend the money for the entire NFT.
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Exactly. I also think it will concentrate a lot of the NFT marketplace by exclusion. Instead of buying cheaper NFTs that look like something, you can now directly invest in a part of the real something.
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Good concept in crypto and NFTs, It will enhance participation in the blockchain world.
Yes, NFTs have become a gateway to blockchain tech to many newbies.
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I saw this the other day with the HIVE NFTs that there's a token if you have 100 of them it accounts for 1 hivepunk. NOw that's some new epic thinking in terms of ownership and how that is all going to go down. Now instead of one person or entity you can go in with many and all own a part of it. It should also open up a lot of new possibilities for the NFT marketplace we will see this year which could give it explosive growth again.
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What is the name of the token? I would love to read up on it.
As for explosive growth, I think the potential of NFTs is still pretty undiscovered. I don't expect traditional investors to dip their toes in this scene for at least 2 more years. The hype surrounding NFTs has grown a lot in the past year. It is a good sign.
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PUNKZ I'm not 100% sure it's backed though as I haven't heard all that much about it.
Love the idea tbh. Cut out the middleman and let people earn from their projects.
Politicians and the people benefitting from the current system will start agenda against it though. They'll say Smart contracts are bad for the climate or some shit lol
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Climate is their favorite baseless arguement. Or the other popular one "we want to protect the investor"
BRUHHHHH
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LoL they're so full of shit man. The agenda is so obvious
Every company want to have NFT. We can't wait to see were this NFT is going. Planning to buy some for future use.
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I dont think every company wants to have NFTs. Yes, some own NFTs, some have minted their own, but most of the bigger ballers are outwardly against it.
I too cant wait to see where this all goes in the future.
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yeh Im pretty excited about this as a songwriter
havnt quite dipped my toes in yet, but it looks like big things are happening on hive at the moment
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is fractional ownership on music NFT already a thing?
Please leave a link here to one, I'd love to see the market of it.
Good luck!
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Its not fractional yet I dont think... but this is one to watch: https://hive.blog/hive-176363/@thelogicaldude/blocktunes-now-open-to-artist-registration-artist-store-nft-collections-direct-to-artist-tipping-and-more#@basilmarples/r536pm
https://twitter.com/Blind_spot7/status/1482109682357571585
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I have spoke about this subject over on SPinvest.
I agree with you and think this will be the future. Someone bought the DOGE meme for a few $million and then split it into like 100 million pieces and each piece off for a few bucks each. They ended up with a few hundred million making it the most expensive NFT ever.
Anyways, SPI has a few high rarity PUNKS and that what has my interest in it.
Great post my friend
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Do you have a link? I would love to learn more about this. I think it has a huge potential in the near future.