SmarterWorx inspires Decentraland and Sandbox Communities with fractionalized NFTs

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Across the NFT sector, it is standard knowledge that tokens are indivisible. For collectors, this means that when you buy an NFT or a tokenized asset, you must pick up all the funds as they are listed on the price tag. Considering the high cost of buying some NFTs, crypto lovers and art enthusiasts have been mostly wasted due to their limited resources. Not for long, though.

Now crypto and art lovers can invest in NFTs within their budget through SmarterWorx. This DeFi protocol has pioneered fractionalized NFTs (F-NFTs), allowing for collective ownership of NFTs and providing income to investors. And household NFT players, such as Decentraland and Sandbox, are stunned.

Understanding SmarterWorx

SmarterWorx is the protocol that crypto investors didn’t know they needed. The protocol leverages NFT technology to add value to physical art and allows investors to own a share of the artwork through F-NFTs. SmarterWorx buys masterpieces from talented artists in the marketplace and then generates their NFTs. These asset-backed NFTs create a digital footprint of the physical artwork to keep counterfeits at bay.

F-NFTs simplify art and NFT investing since you don’t need deep pockets to get started. In turn, SmarterWorx generates revenue from the artworks and associated NFTs when it resells them at a marked price. The profit from the transaction is sent to F-NFT holders as income for investment in the artworks.

SmarterWorx has designed a framework to make the project self-sustaining. First, a portion of the proceeds from art sales are plowed back into purchasing new physical artworks, ensuring that SmarterWorx’s asset portfolio continues to grow. Then, the platform also allocates funds to the treasury through its native token, $ARTX, to purchase new works of art.

Crucially, SmarterWorx secures physical artwork back $ARTX tokens. So holders can rest easy without worrying about inflation or market volatility. With $ARTX and F-NFTs, SmarterWorx has simplified income from art.

How does Decentraland work?

Decentraland is a decentralized virtual ecosystem built on Ethereum. The platform enables users to purchase virtual plots of land and develop and monetize them in a gamified form. The platform, which is 100% owned by the users, trades the plots as NFTs.

Decentraland only supports indivisible NFTs. Many users interested in owning virtual land are turned off as they need access to more capital. In general, similar approaches to NFTs have hurt the technology’s progress toward mainstream adoption. Many projects are expensive and undesirable for private investors. Bear market effects and growing discontent with expensive NFTs have caused Decentraland’s native token, $MANA, to fall by almost 90% in 2022.

What is The Sandbox?

Like Decentraland, Sandbox is a gamified blockchain protocol that allows users to create, build and monetize virtual assets. The fully decentralized protocol leverages NFTs to drive an incentivized gaming economy. Its play-to-earn (P2E) strategy allows users to participate in games and receive incentives such as crypto and NFT.

Sandbox is a niche protocol aimed at gamers. Even then, the protocol’s users require enormous resources to enjoy this decentralized gaming experience. Sandbox’s original $SAND token has plunged 90% in 2022.

Last takeaway

SmarterWorx removes the luxury label from the NFT sector. With F-NFTs, anyone with any budget can participate in the sector and earn passive income. A scaled NFT industry has the potential to propel blockchain into mainstream applications. For SmarterWorx, the common sector is the arts sector.

SmarterWorx is building the foundation for a thriving art sector that transcends physical and digital spaces to stimulate artists, investors and art lovers. Communities with popular NFT platforms, such as Decentraland and Sandbox, have a lot to borrow from SmarterWorx to revive their growth.

Learn more here:

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