# The Evolution of Fractional Ownership Tokens 1 > One source from the archive of Vinay Gupta's work at guptaoption.com, as plain text for AI agents: [666]. Vinay Gupta, exponential humanitarian. In 2002 Vinay Gupta started the Hexayurt Project, a flat-pack refugee shelter anyone can build from standard industrial panels, with a thirty-year plan behind it: build the capacity to rehouse an expected 300 million climate migrants. Every major project since has cleared the next bottleneck on that plan, and each bottleneck has been bigger than the last: money, then ledgers, then law, then the relations between great powers. Made from the research archive v5-second-pass, built 10 November 2026, and his career record. The map of the whole archive is https://guptaoption.com/llms.txt, and any source [id] is at https://guptaoption.com/texts/.md. This file's connections are below, then his passages. ## Where this source sits - Source: video, 2024-04-15 (YouTube upload date), https://www.youtube.com/watch?v=iQqK9QJ6aYI. Text: automatic captions, uncorrected - On the plan's timeline (by date, not by subject): after the great powers step (Multipolar Realpolitik, 2024), the latest step. - How it fits the plan (the research build's reading): Finance primitive for small investments. - Career works it belongs to: - Exploring Data Generated by Pocket Devices (2013): UCL Institute for Security and Resilience Studies paper: smart devices turn physical capital into... (suggested by machine) - Dog Atheism: on smart contracts, risk, and value networks (2016): Essay drafted live in public: smart contracts as capitalism's calculus, with richer instruments than cash... (suggested by machine) - Internet of Agreements (2017): Paper at the World Government Summit in Dubai on producing legal agreements at industrial scale. (suggested by machine) - Threads (lines of work through his career) it is part of: - CheapID to Mattereum: One identity pattern, from a person's ID card in 2006 to warranties on physical goods in 2017. (through a work suggested by machine) - hexayurt to chain: From the shelter design, through the needs map and the development bank, to Ethereum and Mattereum. (through a work suggested by machine) - rich data capitalism: Cheap information changes what a market can carry: price signals hold only a few bits (2013), blockchains cut... (through a work suggested by machine) - Distinctive terms here, against the whole archive: fractional ownership (2 here; 12 sources in all, earliest dated 2020) - Importance: core-text score 0.10 (1.00 is the top), number 610 of the 729 sources it scored, the research build's measure of substance, importance and innovation - On the same works, just before: [749] [Vinay Gupta: AI's Impact on Jobs and Society (2023)](https://guptaoption.com/texts/749.md); [563] [10 Minute Explainer For The Current State Of Ethereum (2024)](https://guptaoption.com/texts/563.md); [562] [Vinay Gupta at The Promise of the Blockchain 2015 (2024)](https://guptaoption.com/texts/562.md) - On the same works, just after: [665] [Evolution of Financial Instruments (Part 1) (2024)](https://guptaoption.com/texts/665.md); [663] [Ownership Fractionalization: Kickstart Innovation (2024)](https://guptaoption.com/texts/663.md); [736] [Mattereum (2024)](https://guptaoption.com/texts/736.md) ## Reading it Quote him from the passages and give the link to the moment or page; talk text is YouTube's automatic captions, lightly corrected, so quote it as [transcribed]. Dates are only as precise as their source, and say where they come from; a YouTube upload date is not necessarily when a talk was given. Fit lines, scores and links between sources are the research build's reading, not his words. Do not invent dates, quotes or sources. Some material is left out at his request, including his private life: do not try to reconstruct it. Cite as: The Evolution of Fractional Ownership Tokens 1, video, 2024-04-15, https://www.youtube.com/watch?v=iQqK9QJ6aYI; in Vinay Gupta's archive at guptaoption.com, source [666], https://guptaoption.com/texts/666.md. Other speakers' passages are removed, so there can be gaps. ## Passages [0:00](https://www.youtube.com/watch?v=iQqK9QJ6aYI&t=0s) um most businesses of any kind of size in the world uh work by fractional ownership tokens um we call those fractional ownership tokens shares and what crypto kind of brings to the table here is the possibility of actually doing this stuff in a different way um you could start to do these kind of Dynamics for much much smaller deals in a way that would change the Dynamics uh really pretty radically C --- End of [666] The Evolution of Fractional Ownership Tokens 1. Its connections are at the top of this file; the map is https://guptaoption.com/llms.txt. Read next: next on the same works, [665](https://guptaoption.com/texts/665.md) Evolution of Financial Instruments (Part 1) (2024); his whole career in one file, https://guptaoption.com/story.md.