NYC-based Tessera, the collective NFT possession and governance service that launched as Fractional with $20M from Paradigm and others, plans to close down (Rosie Perper/CoinDesk)

Rosie Perper / CoinDesk:

NYC-based Tessera, the collective NFT possession and governance service that launched as Fractional with $20M from Paradigm and others, plans to close down  —  Co-founder Andy Chorlian tweeted that the choice was made after “rigorously analyzing attainable market eventualities, our firm construction and our monetary state of affairs.”