Does it? Do you have any examples of this? How does the ownership get enforced?
This seems to address the most salient criticism of NFTs which is that the only thing which changes ownership is the NFT itself, but I have never seen it in practice.
Also, does anyone actually use fraction? They seem to be just selling a platform.
2) The example of fraction is not just a "selling platform", but an actual real problem being solved (fractional ownership of real-world items). In LATAM for example, there are exceptionally convoluted structures to partially build and own low-income centers of commerce (kind of like malls). Fake ownership documents are very common. This solves that problem squarely. There are more real-world use cases like this.
Does it? How do you know? It sounds like that may just be an aspiration at this point.
Has this technology actually been used to solve a real world problem? If so where?