How do the StarsX ownership tokens work?

To understand the application, you first need to understand how the Fractionable NFT’s work in the world of online sporting. An NFT is a non-fungible token, and in this instance, it represents the real-life performance of all our favourite athletes and sporting teams around the world. Users can suddenly invest in the real-life success of their top players and can own tokens which represent their performance – adding a reality spin to the concept of online sporting gaming and trading.

StarsX operates through Fractionable NFT’s, which allow these performance tokens to be broken up into fractions – presenting users with an opportunity to invest in a small portion of their top players. After all, if every NFT represented one player, it would very quickly become impossible for everyday users to own them. The price of these various tokens is dependent on supply and demand, with the combination of ERC-721 and Bancor Smart Tokens allowing this to be monitored and transacted automatically.

As a technology innovation, this not only introduced a new blend to the blockchain market but also begged the question how could this change the use of the blockchain ecosystem with regards to real life and virtual asset tokenization?