IXSwap and Fractionalized NFTs: Taking NFT Ownership to a Newer Dimension.

2020 saw the unprecedented rise of NFTs and from millions of dollars in 2020, NFTs made a mountain climb to billions of dollars in trading volume in 2021.

The world is fast embracing NFTs as they no longer exist as just JPEG images. Given the recent utilities of NFTs, they are becoming more attractive assets to collect.

But as the hunt for NFTs increases, so does the cost and as such, not everyone can afford them, especially those from blue-chip projects. So, for an average investor who wishes to take part in owning an NFT, the price becomes an entry barrier.

Considering this barrier, IXSwap came up with the idea of Fractionalized NFTs to enable average investors to gain entry into the NFT market by buying and owning parts of an NFT.

But before we go into finding out about F-NFTs,

What are NFTs?

NFTs, which means “Non-Fungible Tokens” are digital files and assets with units of data stored and are trackable on a blockchain.

Every one NFT is unique and once they are created using the data, the data is locked in a smart contract traceable on-chain and the NFt can never be interchangeable.

Yes, there may be many copies of the asset but proof of ownership and other data relating to the original file will show the original NFT and to who it rightfully belongs.

The NFTs can be images, audio, videos, artworks, 3D images, game items, and other digital assets.

What are Fractionalized NFTs (F-NFTs)?

The fungible parts of an NFT are what we refer to as factionalized NFTs.

Although it is said that a non-fungible token means an asset that cannot be fragmented into parts, where the parts, put together, make up the whole, IXSwap has decided that the ownership of NFTs can become fractionalized. How?

IXSwap gives small investors the opportunity of owning an NFT by dividing the ownership of the asset into smaller fractions. This way, several investors can pool their resources together to buy one NFT.

This means that two or more of these small investors can fractional interest in an NFT, all together.

The next question is, “how do fractionalized NFTs work?”

There will be an indivisible NFT built as an ERC-721 token. Then, IXSwap will make use of smart contracts to generate ERC-20 tokens which will be the fragmented fungible tokens linked to the overall NFT.

With the feature, investors can collectively hold a piece or more of the ERC-20 tokens, and thus, they collectively own the NFT.

Merits of F-NFTs

Apart from lesser and a lot more affordable prices, the following are some but-a-few key points of advantage to note.

Liquidity (which increases the ease of trade).

You will be able to hold your proof of ownership without having to lose liquidity.

Participation in DeFi (decentralized finance) applications will give you some extra bonuses because you own your F-NFTs, and will also make you more ways to use them for the better.

You will be able to diversify your portfolio through investments in many F-NFTs at once.

About IXSwap

IX Swap is the DEX for security tokens (STO) and tokenized stocks (TSO).

It will be the FIRST platform to provide liquidity solutions such as LPs and AMM for the security token (STO) & tokenized stock industry (TSO).

The protocol aims at bridging the gap between DeFi and CeFi and introducing more liquidity options to the decentralized stocks market.

Additionally, owners of security tokens will be actual owners of the underlying real-world assets as the trade of these tokens will be carried out by licensed security custodians and brokers.

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