What is FRQTAL?
FRQTAL is a content application that works with FNFTs, which are state-of-the-art keys to access private content from creators. These are digital assets that represent ownership of access, a concert ticket, a piece of clothing, a work of art, music, video, or any other type of digital or physical content.
How does FRQTAL work?
FRQTAL uses blockchain technology to tokenize digital content works in the form of FNFTs. Users can buy, sell, trade, and own fractions of these works on the platform.
What is an FNFT?
An FNFT is a Financial Non-Fungible Token, which represents a fractional ownership of a piece of digital content. Each FNFT has a unique value and can be bought, sold, or traded in the market.
Why should I use FRQTAL?
FRQTAL provides digital content creators with a new way to monetize their work by allowing them to generate keys to access their private content. It also offers users the opportunity to invest in art, music, videos, and other digital content in a fractionalized manner.
How can I buy FNFTs on FRQTAL?
To buy FNFTs on FRQTAL, you need to request an invitation code from a friend (learn more about invitation codes), register on the platform, deposit funds into your account, explore the available works in the market, and make a purchase using the available funds.
What happens after buying an FNFT on FRQTAL?
After purchasing an FNFT on FRQTAL, you will own a fractional share of the artwork or digital content. This ownership entitles you to potential earnings generated by that content, through proof of content mining, which generates royalties every 30 days.
Can I sell my FNFTs on FRQTAL?
Yes, you can sell your FNFTs on the secondary market of the FRQTAL platform. You can set your own price and wait for another user to be interested in buying your FNFTs.
How is the value of an FNFT determined in FRQTAL?
The value of an FNFT in FRQTAL is determined based on supply and demand in the market, as well as the capital packaged within the FNFT from the first purchase. If there are more buyers interested in a particular FNFT, its value may increase. However, the value of an FNFT can also fluctuate depending on various market factors.
Can I withdraw my FNFT profits from FRQTAL?
Yes, you can withdraw your FNFT profits from FRQTAL in the local currency or in cryptocurrencies supported by the platform, according to the terms and conditions set by the platform.
What happens if the value of an FNFT decreases?
The value of an FNFT can decrease if there is less demand in the market. In that case, if you decide to sell your FNFT, you may get less than what you originally paid for it.