Fractional NFTs

Fractionalization serves as a way to subdivide planets and fosters building communities. This ensures multiple parties own a planet such as Mars as a collective versus a single owner. We will place restrictions to the amount of fractions each wallet can purchase to foster building collectives.

CollectiVerse is taking a new by selling fractional NFTs (via our proprietary NFT fractional marketplace), and having those function for governance (then later be terraformed into land NFTs). The purpose of this approach is to give buyers of governance NFTs the ability to manage their own planet's economy.

We will self-mint and vault whole planet NFTs on the Avalanche chain then sell the fractionalized NFTs as Avalanche ERC-1155 tokens. There will be 10,000 fractional governance NFTs per planet, where 9,500 fractional NFTs (95%) will be for sale at $25 each. The CollectiVerse treasury will hold the remaining 5% of each fractionalized planet (both fractional governance and land NFTs). Fractional NFTs held in the treasury will not earn rewards if voted by the planet, as rewards are only designated for investors.

There are 2 types of fractional tokens for each planet:

• Governance NFTs which are voting shares in a planet or moon.

• Land NFTs that represent virtual land on each planet in our metaverse.

Separating governance and land into 2 fractional NFTs separates gives participants to be involved in a planet without feeling forced into getting involved in virtual land ownership. It also allows people who prefer to build and experiment in a metaverse to only focus on that aspect without being involved in the crypto aspects. In other words, it offers a nice separation for those more interested in DeFi and NFTs versus those interested in only gaming.

Fractional NFTs also gives any project in our ecosystem (that choose to participate) a framework to grow revenue longer term. Our fractional NFT framework is an innovation that enables a decentralized group to aggregate capital among themselves, as well as from other investors, for the purpose of using the funds to experiment and innovate. A key factor to drive innovation in the DeFi and NFT space is to enable more people to experiment. Our fractional NFTs, combined with the No-Code Platform, make that easy. We detail this more in the Layer 3 Protocol section.