The natural kinship between classical theories of interpolation and approximation is well explored. In contrast to this, the interrelation between interpolation and approximation is subtle and this duality is relatively obscure in the context of fractal interpolation. The notion of α-fractal function provides a proper foundation for the approximation theoretic facet of univariate fractal interpolation functions (FIFs). However, no comparable approximation theoretic aspects of FIFs has been developed for functions of several variables. The current article intends to open the door for intriguing interaction between approximation theory and multivariate FIFs. To this end, in the first part of this article we develop a general framework to construct multivariate FIF, which is amenable to provide a multivariate analogue of the α-fractal function. Multivariate α-fractal functions provide a parameterized family of fractal approximants associated to a given multivariate continuous function. Some elementary aspects of the multivariate fractal nonlinear (not necessarily linear) interpolation operator that sends a continuous function defined on a hyper-rectangle to its fractal analogue is studied..
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