Glossary
Fractional NFT
An NFT split into many fungible shares — letting multiple holders co-own a single high-value asset, traded as ERC-20s on AMMs.
A fractional NFT (F-NFT) wraps a single NFT in a vault contract that issues N ERC-20 shares. Shareholders co-own the NFT; the vault's buyout mechanism lets anyone propose to buy out all shares at a posted price, triggering a vote.
Fractional.art (now Tessera) popularized the pattern in 2021, followed by NFTX, Unicly, and others. Adoption peaked alongside the 2021 NFT boom and has since narrowed to niche use cases like governance over a single legendary 1-of-1 or shared ownership of a museum-grade piece.