WeBuy WE Price $ 0.0643

WeBuy provides a Fractionization that makes possible for multiple people to own a single NFT together. As many high profile NFTs can easily cost up to millions of dollars, joint purchases through fractionization not only make it easier to own expensive NFTs but has the effect of providing liquidity to the NFT market.

Fractional has revolutionized and opened up new horizons in the field of NFTs. This has allowed more people to invest in NFTs. Additional advantages of purchasing NFTs through Fractionization can be found below:

1. Valuation: one of the advantages of fractional is the ability to quickly assess the market value of NFTs. For example, if you want to know the value of your NFT, you can find out the value of your NFT in the market by dividing the NFT and proceeding with fractional sales.

2. Enhanced liquidity: fractional NFT solves the liquidity problem. When selling expensive NFTs, there is a problem that the sale period can continue for a long time because only a small number of investors can afford the NFT, meaning the target market is limited. If the KIP-17 and ERC-721 NFTs you hold are separated into KIP-7 or ERC-20 tokens and sold partially, the NFTs will receive attention from the public rather than a small group of investors. This solves a significant part of the liquidity problem. 

3. Democratization of Investment: it is difficult for small investors to purchase NFTs through NFT auctions. In the case of NFT auctions, usually expensive pieces are sold, so only a small number of investors can purchase the asset. However, the advent of fractional NFTs has opened up more opportunities for small investors gathered into DAO in NFT markets that were previously only for a select few.

WE is WeBuy’s governance token that is deployed on Klaytn Mainnet. This token will be used as a governance tool in the WeBuy ecosystem.