uPUNK Is far from the only example of NFT splitting. Today, there are entire Decentralized Autonomous Organizations (DAOs) in the crypto marketplace where investors come together to buy expensive NFTs. Those will be owned by the DAO, and its members can vote on what happens to the purchased tokens.
For example, tokenized shares of "crypto-banks" can be bought and sold on the Ark Gallery DAO-site. Its users can also donate or lease their "cryptopanks" to other users for a limited period of time - this process is regulated using smart contracts on the blockchain. Ark Gallery also allows holders of one whole "crypto-bank" to vote to sell the base NFT entirely - then each of them will receive a profit proportional to their share.
The FlamingoDAO project also offers NFT fragmentation. As part of this organization, a group of investors on the Discord channel pooled their funds to create BeetsDAO and spent $ 500,000 on four EulerBeat musical NFTs.
The NIFTEX, Fraction, ShardingDAO and NFT20 projects also allow NFT fractionation. Moreover, we already have index NFT funds like NFTX, which collects and splits popular NFTs like Axie Infinity, CryptoKitties and Avastars.
Metakovan, the buyer of Beeple's digital collage at Christie's for $ 69 million, owns the MetaPurse crypto art fund and also plans to tokenize Beeple's work.
NFT splitting is interesting a trend that suggests that the new sector is looking for ways to develop. But this also increases the risks of NFTs, which at the same time receive a whole series of legal problems. Let's look at them below.