Earlier this summer Tessera closed its Series A, a $20M round led by Paradigm. The round also included investments from Focus Labs, Uniswap Labs Ventures, E Girl Capital, Yunt Capital, and over 50 incredible angel investors including the Laus, Keyboard Monkey, and DC Investor.

The platform chose to bring a broad, diverse range of investors into this funding round to enable them to get even more feedback from real, invested, crypto-native people who use their platform.

Bringing collective ownership to everyone

With this new phase, the team is focuse on curating the most extraordinary collective ownership experiences produces by the most significant creators, builders, and leaders. Tessera hopes to help build a world where anyone can have the opportunity to collectively own and govern things they value, without reliance on central gatekeepers to execute decisions and actions on their behalf.

Over the next few days, you will begin seeing Tessera’s existing social channels. Switch over to its newly refreshed branding and content. Also, over the next few months, you will start to see Tessera rolling out new and exciting ways to own NFTs online with friends and strangers alike.

NFTs are transforming how people interact. Build community, and view governance, so we’re transforming too. From a simple smart contract to full-blown NFT infrastructure to support the future of collective ownership.

The Future of Fractional.art

Fractional is a decentralized protocol that enables collective ownership and governance of one or more NFTs. The tokens function as normal ERC20 or ERC1155 tokens which have governance over the NFT that they own.

Fractional.art will continue to live as a user-friendly destination to explore, manage, and discover existing vaults and vaulted collections. Retaining its most critical functionalities such as being able to buy fractions via the frontend. Initiating buyouts, and claiming NFTs won.

You will still be able to vote on the reserve price for your vaults, which can still be bought out if the owners no longer wish to own their fractions.

New and existing NFTs that are collectively bid on and win through PartyBid will continue to appear on fractional.art’s explorer.

ABOUT Tessera

Tessera is the place to own, govern, and experience extraordinary things through NFTs, together.

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