How does NFTx work?

Can you explain in simple terms how NFTx operates? I'm particularly curious about the technology behind it and how it enables users to fractionalize non-fungible tokens (NFTs). How does this process work, and what benefits does it provide to those looking to invest in or trade NFTs? Additionally, what are the potential risks associated with using NFTx, and how does the platform ensure the security and authenticity of the NFTs being fractionalized?