Interesting idea. Does the 1101 NFTs translate to an equal percentage of ownership totalling 100%? For instance if your coin sells on ebay for the 200,000 your asking, what will that translate to for my $121 NFT investment?
Correct. For example: If you own 1 "VPB", you own 1/1101 fraction of the real world object. So if the coin sold for $200,000, 1/1101 would be worth $181.65.
If the coin was sold the fractional owners would receive equivalent payout for their fractional ownership.
The real money is really with trading volume. The more collectors trade the coin the more gets donated to it. Increasing its overall value. A real life "Money machine"
to me the virtual is pure speculation and an attempt at a money grab
I will stick to physical - while that often is a money grab as well (selling collectibles at 10x the face/load value etc) at least at the end of the day, there is something that can be physically held.
You're not wrong, This is a "money grab". Although, the entire idea is for everyone who is a fractional owner to benefit from the money generated A.K.A the "money grab". Percentages of the Proceeds from both the Royalties and the initial sales will go back to the fractional owners. For example: If there is $1,000,000 in trading volume in a year with a 12% royalty being split. 5% going back to fractional owners that's $50,000 donated back to fractional holders
There is no pressure for anyone to get involved and I wont try to convince people. I just thought it was a cool Idea personally so I built it. Now I'm sharing it. As with Physical bitcoins this involves a bit of trust. Its only a $100 -$200 to buy a fraction, and if the idea works it should be worth much much more.