What is NFT Fractionalization?

NFT fractionalization enables users to buy and sell expensive NFTs regardless of their net worth. It helps facilitate easy trading among peers and allows individuals to own or speculate on what was then unaffordable. In other words, fractionalized NFTs bridge the gap between blue-chip NFTs and retail users.
Furthermore, the fractionalization of NFTs also benefits the NFT artist as more holders can collect their works, without worrying about over-producing.
Ultimately, fractionalization allows for a myriad of benefits, including but not limited to arbitrage opportunities, investors gaining exposure to NFTs without having to identify and buy individual NFTs, and a better medium of price discovery for collectors and newcomers alike.