Fractional | AMA with Andy8052
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 29 July 2021
⏱️ 65 minutes
🧾️ Download transcript
Summary
NFTs have exploded in 2021, but many coveted pieces are far out of the price range of average DeFi citizens. Enter Fractional, the new protocol for buying, selling, and minting fractions of NFTs.
This breaks apart NFTs and allows anyone to unlock NFT liquidity and open the door for community involvement. To detail this step forward in crypto culture, we bring on Fractional lead dev @Andy8052 for a Live AMA.
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Resources:
Andy on Twitter
https://twitter.com/andy8052?s=20
Fractional
https://fractional.art/
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Transcript
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| 0:00.0 | Welcome to another Ask Me Anything Today. |
| 0:16.0 | We have Andy, 8052 from Fractional. |
| 0:19.2 | Fractional is a place a new project just came out where you can actually fractionalize |
| 0:24.9 | an NFT or you can buy a fraction of an NFT. |
| 0:28.2 | This is a really cool NFT money primitive, I suppose David, because I know you're in the |
| 0:33.6 | market for a crypto bug, right? |
| 0:35.0 | You're selling the market for one? |
| 0:36.0 | Yeah, I submitted my bid yesterday, but it took me a while to like get over the hump |
| 0:40.1 | of allowing that ether to be removed from my wallet. |
| 0:44.1 | As people know, I'm an ether maxi. |
| 0:46.6 | And so parting with a whole crypto punks worth of ether was a tough decision. |
| 0:50.5 | Bid hasn't been accepted yet though. |
| 0:52.1 | So maybe I use this platform instead. |
| 0:53.7 | You can still change your mind. |
| 0:54.7 | If you do change your mind, instead of buying an entire crypto punk with Fractional, you |
| 0:59.8 | can actually buy a percentage of a crypto punk. |
| 1:02.8 | That's the idea. |
| 1:03.8 | Maybe you want 5%, maybe you want 10%, you don't need to own the entire thing. |
| 1:07.2 | So this is super cool money primitive guys. |
| 1:09.3 | We are going to get into it. |
| 1:12.1 | As always with these Ask Me Anythings, we are live streaming on YouTube. |
| 1:16.2 | So if you have a question, throw it into the YouTube chat, we will try to get to your |
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