Why does art have fractional ownership?

A decentralized protocol called fractional makes it possible for one or more NFTs to be collectively owned and governed. The tokens have control over the NFT that they hold and operate like regular ERC20 or ERC1155 tokens.

It is easier to acquire and hold a portion of an NFT using fractional. This makes it possible for users who have been degraded by particular NFTs or artists (like Beeple) to purchase some of their production. Furthermore, the original curator of the NFT can see some liquidity in their assets by breaking up the NFT rather than selling it as a whole.