A Syndicate NFT refers to a group of people collectively owning a non-fungible token (NFT). In this setup, multiple participants pool their resources to purchase a single NFT, which can be expensive or valuable. By collaborating, individuals can access high-value assets that they might not be able to afford independently.Members of the syndicate usually agree on the terms of ownership, including how profits from the NFT or future sales will be divided. This arrangement allows for shared risk and potentially greater returns if the asset appreciates in value. The governance structure can vary, with some groups operating through a democratic process where decisions are made collectively.Syndicate NFTs have become popular as they democratize access to unique digital assets, allowing a wider range of people to participate in the NFT market. They also foster a sense of community among members who share similar interests in specific artworks or collectibles.