As the world of Web 3.0 unfolds, NFT collections are now highly sought after, especially PFP NFTs. The fundamental reason for their popularity is based on pop- culture, and the potential monetary effect it brings along. Popular NFTs have high collection value and excellent appreciation, though the lofty price tag often prices out the casual NFT fanatics. The introduction of fractional NFTs is the solution to widespread adaptation of popular NFT's and solves liquidity problems for some pieces.Gate NFT will launch fractional NFTs products and release blue-chip NFT crowdfunding functionality to boost the widespread adaptation of NFT technology.
The 3rd phase of the fractional blue-chip NFT crowdfunding will feature Azuki colletibles. Subscription for the Azuki #5057 will begin on July 15th.

Subscription link: https://www.gate.io/nft/mystery_box/397770
Date: July 15th 13:00 PM — July 29th 00:00（UTC）

Rules:
1. The number of fragments of this fragmented NFT Azuki #5057 is 1000, and the subscription price of each fragment is 14 USDT;
2. The user chooses to subscribe a certain number of shards [a single account is limited to a maximum of 5 shards].
3. After the subion of all fragments is completed, the platform will buy NFT and distribute NFT fragments to user accounts according to the subion share.
4. After the subion of all fragments is completed, users will have rights to use the fragmented NFT itself and the authorized avatar of the fragmented NFT. The commercial authorization of the original NFT is decided by the community of all NFT fragmentation holders. The final sale of the original NFT will also be decided by all NFT fragmentation holders.
5. The final sale of Azuki is decided by the users who hold the shards. When the vote reaches 60%, the transaction proposal can be passed. The platform will sell NFTs on OpenSea and distribute the sale funds to the shard holders in equal amounts. After the sale, all fragmented NFTs will be recovered and destroyed.
Note: After the subion is completed, the fragmented Azuki begins to circulate on the platform. When users buy and sell fragments, please pay attention to check whether the fragments are from the Azuki fragment collection certified by the platform, and beware of buying fake Azuki fragments.


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Gate.io Team
Jul 15, 2022