Tessera

Tessera, a collective NFT ownership platform formerly known as Fractional

Basics

• Based in:
• Started in / Announced on: 18-3-2021
• Mainnet release:
• From EthHub (23-3-2021):

"A decentralized protocol where NFT owners can mint tokenized fractional ownership of their NFTs. These tokens then function as normal ERC20 tokens which have governance over the NFT that they own."

Audits & Exploits

• Bug bounty program can be found [insert here].

Technology

• Whitepaper can be found [insert here].
• Code can be viewed [insert here].

Implementations

• Built on:

Roadmap

• Can be found [Insert link here].

Usage

• From The Defiant (18-8-2022):

"Since launching in 2021, more than 70,000 people have used Fractional to collectively own 6,500 prized NFTs, and the protocol has facilitated over $2B in total trading volume. The platform has been used to collectively buy a $3.46M Zombie Cryptopunk, raise $8M for Ukraine, and form decentralized autonomous organizations (DAOs) to buy the original Doge meme as an NFT and another called Free Ross DAO in support of Silk Road founder Ross Ulbricht."

Team, Funding, Partners

Team

• Full team can be found [here].
• "Andy" (28-3-2022)

Funding

• Mechanism Capital lists them in their portfolio as of 15-5-2023.
• Raised $20M in a Series A funding round led by Paradigm (18-8-2022). Tessera’s Series A also included Focus Labs, Uniswap Labs Ventures, E Girl Capital, Yunt Capital, and over 50 angel investors.  

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