Jupiter Exchange, an alternative asset exchange using fractional NFT technology, has closed on a $5 million seed funding round led by White Hilt Capital.
Jupiter curates iconic objects and makes fractional ownership available to anyone through its digital marketplace and exchange.
Jupiter Exchange establishes a simple process where the ownership of each carefully curated item, such as fine art, cars, sneakers, and pop culture memorabilia, is minted as an NFT and fractionalized into individual ownership tokens. Once sold out on the Jupiter marketplace, the item is listed on the Jupiter Exchange and available through a traditional bid-ask model.
