Here's a breakdown:

✅ What does it mean?

Normally, NFTs (non-fungible tokens) are unique and indivisible — only one person can own them at a time.

But with fractional NFTs, the original NFT is locked into a smart contract and then split into fungible tokens (ERC-20 style) that represent ownership shares. These shares can be bought, sold, or traded like regular tokens.

🧠 Example:

1. Imagine a digital artwork NFT worth $1 million.
2. It can be "fractionalized" into 1,000 parts, each worth $1,000.
3. Now, 1,000 different people can own a piece of that NFT.
4. Each person holds a share and may have voting rights, revenue share, or resale profits, depending on the contract.

🧩 Use Cases:

1. High-value digital art: Lower the entry barrier for collectors/investors.
2. Metaverse real estate: Split ownership of virtual land.
3. Gaming assets: Share rare in-game items among players or investors.
4. DAOs: Communities co-own and govern valuable NFTs.

⚖️ Pros:

1. Makes expensive NFTs more accessible.
2. Increases liquidity for high-value assets.
3. Enables community ownership and collaboration.

⚠️ Cons:

1. Legal and regulatory issues around ownership rights.
2. Complex valuation of fractional shares.
3. Potential market manipulation in low-liquidity situations.

⛓️ Platforms that support fractional NFTs:

1. Fractional.art
2. Unic.ly
3. NFTX
4. DAOfi
5. PartyBid