F
FracFT
Unlock the power of shared ownership with Fractional NFT trading.
Created on 2nd April 2023
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F
FracFT
Unlock the power of shared ownership with Fractional NFT trading.
The problem FracFT solves
- If one wants to invest in an application or a particular project of a company, the common way is to buy the shares of that company.
- It might happen that your prediction on the project was right which should have gained your profits. Although the company itself might be suffering loss; in turn, the investors also suffer loss.
- To overcome this, the proposed system can produce NFTs that can sustain such cases. It might also be the case that the company is dissolved but it won’t affect the NFT and its shares. It will continue to exist until the investors of that NFT wants to trade it.
- The project would create opportunities for small businesses and startups to get themselves listed without having to worry about their company formation structure
- The company owners can benefit by keeping several shares with themselves and gaining royalty
Challenges we ran into
Creating an NFT trading platform can be challenging, and some common challenges that may arise during development include:
- Technical complexity: Developing an NFT trading platform requires expertise in several technical areas, such as blockchain technology, smart contract development, and web development.
- Regulatory compliance: Depending on the jurisdiction, there may be legal and regulatory requirements that must be met for the trading of NFTs.
- Liquidity: Ensuring sufficient liquidity on the platform can be challenging, particularly for newly listed NFTs or for NFTs with a low trading volume.
- Security: Security is crucial for any platform that deals with digital assets, and NFT trading platforms must ensure that the platform and user data are secure.
- User experience: A trading platform must be user-friendly and easy to use, and the user interface must be intuitive and attractive.
- Scalability: As the popularity of NFTs grows, trading platforms must be able to handle a large volume of trades and users. This can be challenging for platforms that have not been designed with scalability in mind.
- Price volatility: The value of NFTs can be highly volatile, which can make it difficult to establish a fair price and maintain liquidity on the platform.
Overall, building an NFT trading platform requires careful planning, expertise, and a deep understanding of the unique challenges associated with trading digital assets.
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