Why did fractional change its name to tessera?

NFT company fractional is changing its name to Tessera afterraising a $20 million funding round led by crypto-focused investor Paradigm. Fractional, a company that lets people sell fractions of their NFTs, said Wednesday it is changing its name to Tessera. The move coincides with a new funding round led by crypto giant Paradigm.

What are fractional NFTS?

The fractional NFTs represent a tokenized luxury sports car located in the Zurich area, Switzerland, a Mercedes-Benz AMG GTS. Renting out the vehicle makes it profitable; therefore, NFT holders can get bonuses on their NFT.

How many NFTs are in the collection?

The total number of NFTs in the collection was 2018 (identities) and 2500 vault cards were dropped after. If you looking for upcoming NFT mining projects like NEO Tokyo, then mythia.com is a great NFT tool to track the latest and upcoming NFT Minting projects.

How are NFTS transforming the future of collective ownership?

NFTs are transforming how people interact, build community, and view governance, so we’re transforming too — from a simple smart contract to full-blown NFT infrastructure to support the future of collective ownership. Today we’re introducing our new name, Tessera.