Tessera

Tessera, formerly known as Fractional, is a platform that specializes in the fractionalization of non-fungible tokens (NFTs). The company provides a protocol that allows for the collective ownership and governance of valuable NFTs. This is achieved by locking an NFT into a vault and then issuing 'fractions' or tokens that represent ownership of the underlying asset. These fractions can then be bought and sold by a wider range of collectors and investors, making high-value NFTs more accessible to a broader market.

The business model of Tessera is centered around facilitating the creation and trading of these NFT fractions. The platform likely generates revenue through fees associated with the fractionalization process, as well as transaction fees on the secondary market for these fractions. By enabling collective ownership, Tessera also caters to groups of individuals or DAOs (Decentralized Autonomous Organizations) who wish to jointly acquire and manage digital assets.

The market for Tessera's services includes NFT collectors, digital art investors, and communities within the Web3 ecosystem. The platform addresses the issue of low liquidity and high entry barriers in the market for premium NFTs. By breaking down single, expensive assets into smaller, more affordable pieces, Tessera introduces a new layer of liquidity and opens up new investment opportunities in the digital art space.

Keywords: NFT, fractionalization, digital art, collective ownership, marketplace, blockchain, web3, crypto, DeFi, governance