Feisty Doge NFT

Overview

Feisty Doge NFT (NFD) is a fractionalized NFT token representing shared ownership in the original Feisty Doge NFT, which was a popular meme-based NFT featuring the Doge meme. The project allows users to own a portion of the original NFT through the NFD token.

Purpose and Utility

The primary purpose of NFD is to provide fractional ownership of the underlying Feisty Doge NFT. Token holders collectively own the original NFT, with each NFD token representing a proportional share.

Business Model and Operations

The project operates through a smart contract that manages the fractionalization of the original NFT. The business model is straightforward - it allows multiple investors to own shares in a high-value NFT that would otherwise be too expensive for individual ownership.

Real-World Adoption

The token primarily trades on decentralized exchanges. While trading volume exists, the main utility remains fractional ownership of the original NFT.

Development Activity

As a fractionalized NFT token, there is limited ongoing development needed. The smart contract managing the fractionalization is the primary technical component.

Token Distribution

The token distribution occurred through the initial fractionalization event of the original NFT. Trading of these fractions happens on various exchanges.