Fractional NFTs allow ownership of non-fungible tokens to be divided among multiple people. Instead of purchasing an entire NFT, individuals can buy fractions, making it more accessible for those who may not afford a high-priced asset.By using smart contracts, these fractions are represented as fungible tokens on a blockchain. Each owner can hold, sell, or trade their fraction, creating a marketplace for smaller investors. This democratizes access to valuable digital assets, such as art, music, or virtual real estate.Fractional NFTs also enable collective decision-making. Owners of the fractions can participate in governance regarding the asset, such as how it should be showcased or sold in the future. This model has gained traction as it opens new opportunities for both creators and collectors, providing liquidity to the NFT market and promoting a sense of community among owners. As a result, fractional NFTs can enhance the overall experience and value of owning unique digital items while broadening participation.