# Tessera

> Track Tessera with daily standardized on-chain data. Compare Tessera with other NFT marketplaces. See charts, financial statements and datasets in one place.

Source: [Tessera on Token Terminal](https://tokenterminal.com/explorer/projects/tessera). This page has no metric values. For current values, use the [Token Terminal API](https://tokenterminal.com/docs/api-reference/introduction) or the [MCP server](https://tokenterminal.com/docs/mcp/introduction).

- Sectors: NFT marketplaces

## About

### What it is

Tessera (formerly Fractional) is an NFT fractionalization protocol enabling shared ownership of high-value NFTs through tokenized vault mechanisms.

### Who uses it

Tessera (formerly Fractional.art) was co-founded by Andy Chorlian and backed by a $20M Paradigm-led Series A; it shut down in May 2023.

### How it works

Tessera enabled NFT fractionalization into ERC-20 governance tokens for collective ownership, earning fees on vault creation and secondary trading before winding down.

## Links

- [twitter](https://twitter.com/TesseraArt)
- [website](https://tessera.co)