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The way Cardano works actually makes NFTs an extremely important part of dApps to the point where almost all eUTXO (Cardano-based) dApps have to use NFTs. You can read more about why Cardano was designed this way here: https://medium.com/dcspark/every-eutxo-dapp-will-use-nfts-and-heres-why-fd87e6a8c9a6

As NFTs are super important core primitives to Cardano, the first dApp we wrote at dcSpark is called "Fracada" and it supports fractionalizing NFTs. If you're a developer and want to know the full detail, you can find it here: https://medium.com/dcspark/fracada-a-protocol-for-fractionalizing-nfts-14b9017b3d91

Since we think this is really important, we made Fracada entirely open-source with an MIT (free to use for everybody) license. As such, Fracada has seen good interest with multiple NFT marketplaces reaching out to us to have it implemented into their platform. However, as this smart contract isn't audited yet, it is hard for a platform to justify the risk.

To unleash the potential of fractionalized NFTs on Cardano, we want to continue development of this dApp by adding the ability not to fractionalize a single NFT, but also fractionalize an arbitrary bag of NFTs.

We believe we can release this feature in Q1 2022.

Budget breakdown:

- 35K for audit & addressing audit findings

- 15K for development of Fracada v2