Fractional asset ownership isn’t a new concept. The concept has been successfully used in various industries, from real estate to fashion, and for a variety of physical assets, including stock, designer items, and high-end assets such as yachts and private jets. It is a popular strategy for individuals to collectively and affordably purchase homes in the real estate business. Owners who buy fractional ownership of property receive a deed indicating their part. Fractionalized NFTs function in much the same way.