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This is a great breakdown. I know most people aren't even THINKING of how "investing in royalties" is an investment that could/should involve the SEC

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Most NFTs are little more than digital Pokemon cards. So, fundamentally, the idea of using them as a marker of ownership for something unique that has value, such as a copyright or a royalty share in a musical work, makes sense. But, one step at a time. Has anyone yet figured out how to derive fractional ownership in an NFT, so that multiple creators may share splits?

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