<div class="bbWrapper">I don't think people realize how revolutionary fractionalization will be. For insight, I'd like to break down the below quoted <a href="https://twitter.com/sobylife/status/1424381850177376261" target="_blank" class="link link--external" rel="noopener">tweet</a> and illustrate a more concrete use-case for this technology afterwards.<br />
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<i>How does Fractionalization work? On <a href="https://t.co/M4KZNNdTE6?amp=1" target="_blank" class="link link--external" rel="noopener">http://Fractional.Art</a> a 'curator' creates a vault with a single NFT or multiple NFTs. They can then create a fungible ERC-20 with a token supply, token symbol, set a reserve price, and a buyout price.<br />
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Reserve price = minimum bid needed to start an auction for the underlying NFT or NFTs. Buyout price = Price to outright buy the NFT or basket of NFT's in the vault A buyout will pull the NFT out of the vault and allow the token holders to exchange their tokens for Ethereum.<br />
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These vaults are entirely decentralized and custodied via an audited smart contract. Prospective buyers can then purchase these tokens and vote on curator fees. <a href="https://twitter.com/DeezeFi" target="_blank" class="link link--external" rel="noopener">@DeezeFi</a> recently fractionalized hoodie CryptoPunk #7171 with ticker $HOODIE and total supply 10,000.</i><br />
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<i>Even more recent, <a href="https://twitter.com/prtyDAO" target="_blank" class="link link--external" rel="noopener">@prtyDAO</a> hosted a "party bid" via Fractional and sold part of Punk#2066. I participated in this. It was a lot of fun and it made me realize the social implications of fractionalization. There are currently 584 unique holders of $DEAD. </i><a href="https://t.co/3QPm05psgW?amp=1" target="_blank" class="link link--external" rel="noopener"><i>https://etherscan.io/token/0x0C7060BF06a78AAAAB3fac76941318A52a3F4613</i></a><br />
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<i>Unlocking the ability to crowdfund the purchase of rare art in of itself is revolutionary. The social implications of it all are even larger. Lets take the Deeze $HOODIE example, I saw tons of people change their profile picture to punk#7171. Same with the Zombie punk. </i><br />
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<b><i>Think of avatars as the new clan tags or Guild banner. NFT's will become the new social hub of the metaverse.</i></b><br />
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Now - consider that the WEF is embracing blockchain for this specific technology (fractionalization) but instead applying it to real-world assets. One such example is real-estate which is being mass-bought (single-family homes), entire neighbourhoods of them at a time sometimes, with 20-30% upmark on the prices from the likes of Blackrock.<br />
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Their goal? Fractionalize real-estate ownership. The idea is you don't need to "own" a full house. And maybe under their management you never get to own more than 49% - but rather individuals or organizations can own fractions of real land, receive fractions of the revenue, etc.<br />
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This creates fractionalized joint ventures that are regulated by smart-contracts. This is F*cking huge and if we don't pay close attention, the idea of private property might slip through our fingers before we know what's happened. Understanding this technology is critical to living an unscripted life in the future that's being built.</div>
