Owners of high-value NFTs often find it difficult to sell their assets, as they need to find a buyer with similarly deep pockets. One way to solve this is by creating Fractional NFTs.
High-value NFT can be split into a number of individual tokens. This is known as fractionalising. This allows many collectors to own a part of a larger NFT, should the demand be sufficient.
This is most common on Ethereum, where a non-fungible ERC-721 token – the most common token standard for NFTs – is turned into a number of fungible ERC-20 tokens that each represent a share of ownership in the complete NFT.
The legality of Fractional NFTs varies between counties. If you are unsure, always look up the laws in your jurisdiction, and seek independent legal advice.