How it Works

The FRAXsset DApp is currently in Beta on the test network.

FRAXsset places a record of your asset on the blockchain for which you can fractionalize into "shares" that can be acquired and transfered. First, you create a title and description for your asset (e.g. software code, important document, music, video, image, art, real estate). Next, you create a share (fractional) representation of your asset. Next, you upload a digital representation of your asset or proof of the asset, which will subsequently be digitally hashed, creating something like a digital fingerprint of your asset. Utilizing your Ethereum account address, your asset (the digital hash) and other information will be used to create record on the blockchain. To verify the owner of an asset record, you merely input an EXACT duplicate of the digital asset and submit for confirmation. Given the power of the blockchain you have an immutable record of ownership for an asset at a given point in time. You are able to maintain and transfer fractional ownership of the asset to other parties, who in turn are able to transfer their ownership share if so desired.