How fractional ownership is bringing iconic objects from the real world to the public

Fractional ownership has become a hot topic in the decentralized world. Now that many industries have integrated blockchain technology, what are the latest industries that are jumping on the bandwagon trend? How can you improve accessibility to the high-end collectibles market? Read on to find out.

Driven by the rapid adoption of blockchain technology, the concept of fractional ownership has seen a recent surge in usage and familiarity on the world stage. As a result, what was once an idea understood primarily by those who trade the stock market is now part of the vernacular of newcomers to the world of investments and cryptocurrencies.

The world is just starting to get used to the idea of ​​ownership of digital assets through NFTs, but normally such ownership would belong to only one buyer at a time. Last March, history was made when a Beeple NFT was sold for $69 million to collector MetaKoven. While attention was drawn to the price, it was also interesting that MetaKoven had purchased several of Beeple’s works prior to the record breaking piece, only to split ownership into blockchain-based tokens and then sell them to the public. It was a prime example of fracturing a digital asset, and we are about to see many more such investment opportunities in the years to come.

In addition to NFTs, the aviation space is also making waves by using fractional ownership to offer flight-on-demand services to multiple unique luxury aircraft investors. For example, VoltAero, a French developer of hybrid and electric aircraft, has launched a fractional ownership program for its five-seat Cassio 330, which will eventually be followed by two later models with more seats. Jean Botti, former Airbus CTO, commented: “Cassio will usher in a new era of highly sustainable air travel in Europe with on-demand flight services for those who join our fractional share ownership.”

The critical aspect of NFTs is their ability to be used to establish authenticity and transfer of rights. Therefore, there is a window of opportunity for entrepreneurs looking for new industries in which to innovate through the power of NFTs and blockchain technology. For example, traditional and digital real estate in the Metaverse have been some of the main spaces that have allowed NFTs to drive the incorporation of fractional ownership in the modern world. Right now, deeds serve the function of representing ownership of property in the real world. However, now that NFTs can also be used to represent real-life property ownership, there is potential for NFTs to bypass trusted intermediaries in property purchases, such as title insurance companies, security deposits and lawyers. Also, since investing in real estate can require substantial financing, some entrepreneurs use NFTs and cryptocurrencies to raise capital for their projects. For example, in 2018, the St. Regis Aspen Resort sold an 18.9% ownership interest in the hotel through the sale of “Aspen Coins” tokens, which could be purchased with US dollars, Bitcoin, or Ethereum.

A new alternative asset exchange has recently entered the Web3 stage: Jupiter Exchange. By digitizing and fractionating iconic real-world assets on the blockchain, the platform enables passionate collectors to own a piece of memorabilia previously reserved for only a select few. Additionally, Jupiter sets itself apart from other alternative asset exchanges by adding liquidity to selected assets and creating a much larger pool of sellers and buyers.

Jupiter Marketplace creates iconic products such as unique NFTs, which are then fractionated into a number of ownership tokens of equal value. Once the ownership tokens are sold, they can be traded on the Jupiter Exchange with a real-time pricing model. Whether you are a passionate collector or a retail investor looking to diversify your portfolio, Jupiter Exchange is the platform to consider. Having recently raised $5 million in seed funding, Jupiter Exchange is launching very soon.

Collecting comes with various challenges, and Jupiter Exchange aims to reduce the pain points of collectors. Even high-profile people like Logan Paul, the NFT/Pokémon card collector, found themselves scammed after paying $3.5 million for what he thought was a “sealed and authenticated box of first edition Pokémon cards,” only to find out that wasn’t the case. Interestingly, the box had been validated as authentic by the Baseball Card Exchange. Bolillo Lajan San, the well-known and respected card collector who sold him the box, also believed it to be legitimate, clearly demonstrating the need for NFTs in the world of physical and digital collectibles.

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