NFTs are coming to Cardano

The Facade will enable the option for fractional NFTs in Cardano.

The blockchain startup dc park has announced a new project based on Cardano called Facade.

The Facade will enable the conversion of Non-Fungible Tokens into "fractionalized NFTs" with the help of the Plutus programming language.

Fractionation has become a new trend in the NFT sector, as it allows those who can not afford a project to have the opportunity to get a piece of it.

In other words, the process of expensive fractionating NFTs into pieces can be compared to dividing a company's share capital into a considerable number of shares.

Owners of fractional NFTs, however, should not expect a return on their investment. Otherwise, token issuers could face problems with regulators for non-compliance with security laws, according to David Carlisle of Elliptic:

"Fragmentation is starting to raise many questions about things like people entering the market through fragmentation that ultimately function as an 'investment syndicate' where they expect some return on their investment."

DcSpark has also recently begun developing a sidechain-compatible Ethereum virtual machine in the Cardano blockchain.

His code has already been released since Tuesday, September 21, 2021.

This article is for informational purposes only and does not replace specialized consulting services with professional experts.

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