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There are few greater pleasures in life than owning a limited edition car, or one-of-a-kind sneakers. But more than that, it opens up doors to exclusive new communities with like-minded people who enjoy the same things you do. However, this world has been largely inaccessible to the masses.
As a growing asset class, collectibles have skyrocketed in popularity, making some items so incredibly valuable that owning one is prohibitively expensive. It turns out, though, that the groups often excluded by this market have the most amount of interest in it, making this a great opportunity for a platform to bring ownership of rare items to the masses.
Jupiter Exchange is looking to bring the ownership of these rare collectibles to the public by leveraging blockchain technology and fractionalizing real-life assets into fragmented NFTs holding equal value.
To understand fractional ownership, we have to take it back to the 1970s, when avid vacationers saw an idea that felt revolutionary: timeshares. Timeshares were an alternative to complete ownership of a vacation property, and for the next 30 years, they reigned supreme in the world of 1-3 bedroom villas and chalets on hotel property. Everyone was thus given the opportunity to own an asset that previously felt inaccessible.
Fractional ownership is the practice of dividing up ownership rights of any asset into multiple contracts so multiple people can own part of the asset and become a collector. In the context of blockchain, this manifests as dividing up the ownership rights of any digital asset, in this case, NFTs.
A famous example of fractional ownership in the NFT space is the Newborn collection by Grimes; Newborn 1 & 3 were auctioned on Otis in 2021 with prices starting from just $10 a share.
With high barriers to entry, fractionalization of NFTs is a solution not only for consumers who wish to add an NFT to their portfolio but also for NFTs in general, as this brings liquidity to the market.
Fractional NFTs make it possible for you to buy and own a percentage of any coveted NFT, allowing those who have been priced out of collections to become partial owners of an asset. This fractionalized NFT also becomes a tradable token whose value is directly tied to the value of the parent NFT. Moreover, owning a fractional NFT opens the door to a variety of use cases.
For example, some Fractional NFT projects support staking and allow holders to earn a passive income in addition to getting voting rights.
Mutant Cats, for instance, is a collection of 9,999 NFT avatars similar to the ape avatars in BAYC. The project has fractional shares called $FISH, and each token represents a fraction of the NFT. Each Mutant Cat NFT holder can stake them to earn 10 $FISH per day and receive exclusive access to the Mutant Cat DAO community and gain voting rights over the DAO's assets.
The idea of fractional ownership in the NFT space isn't a new one.
Take, for example, a platform like Dank Bank, which allows users to trade and collect fractionals of memes and iconic moments in internet history. As memes have proliferated into pop culture and almost become a facet of communication, the platform banked on their popularity and minted and sold them as NFTs on the blockchain.
Another iconic example is the sale of the Doge meme that led to the creation of Dogecoin. The NFT sold for $4 million in June of last year, and the buyer (PleasrDAO) fractionalized that NFT 17 billion times, allowing anyone to own the art for just a few pennies.
This news only highlights how people in a shared culture want to be part of something.
However, what Jupiter Exchange does is vastly different from Dank Bank or PleasrDAO, because our platform mints NFT representations of real-life assets and fractionalizes them for sale in its marketplace.
Jupiter Exchange is a revolutionary new platform taking ownership of iconic assets to the next level.
The platform essentially takes the most unique and exclusive objects in the world and curates a collection of collectibles which you can shop from. These real-life assets are then minted as NFTs and each fraction of the minted NFT is a unique piece of the asset itself.
This way, you can own a fraction of a rare asset and enjoy exclusive benefits depending on the asset you’ve bought into.
Each minted NFT is backed by a tangible asset in the real world that are linked to a stablecoin (USDC) to aid in making high priced assets extremely affordable, provide liquidity to the users on their platform, create a marketplace, and give users 100% control of their fractional assets.
In addition to these, what makes Jupiter unique is it’s a platform driven by those who have been locked out of the game for too long and genuinely appreciate and have a passion for collectible items. With a low entry level and the opportunity to invest in something you love, Jupiter opens doors to a liquid market, trading, a community, and much more.
The fractional NFT market for physical assets is definitely a smaller and more niche market, but it presents just as much opportunity as a traditional market, if not more. It's quickly becoming a popular way for those hard-pressed for capital to own a fraction of their dream without the need for compromise.
Jupiter believes that beauty belongs to anyone who appreciates it, not just to a select few who can afford it.
To learn more about Jupiter Exchange, visit.