Tessera, the collective NFT ownership service that launched as Fractional with $20M in funding from Paradigm and others, plans to shut down (Rosie Perper/CoinDesk)

Rosie Perper / CoinDesk:
Tessera, the collective NFT ownership service that launched as Fractional with $20M in funding from Paradigm and others, plans to shut down  —  Co-founder Andy Chorlian tweeted that the decision was made after “carefully analyzing possible market scenarios, our company structure and our financial situation.”