FAQ

Ownity's frequently asked questions answered.

What Is Ownity?

Ownity is a groundbreaking aggregating NFT co-ownership platform.

First, Ownity enables future co-owners to break – fractionalize – NFTs, which otherwise can be too pricey, into a number of smaller parts – fractions – they can invest in as a group to co-purchase the NFT, split possible rewards it generates (utility-related rewards, token airdrops), and manage the whole NFT as a DAO.

Second, Ownity aggregates in one place NFT listings across the major NFT marketplaces so you stop having to jump back and forth, searching for the right one.

What Is NFT Co-Ownership?

Also known as fractional, joint, or shared NFT ownership, it is a new and lower-barrier way to invest in NFTs that involves splitting up non-fungible tokens – collectibles, artworks, PFPs, photos & videos, gamified ones, membership passes, memorabilia, domain names, etc. – into smaller shares to own and take advantage of their utility together.

What Are Co-Owned NFTs?

Also known as fractionalized/fractional NFTs, or simply fNFTs, and known as co-owned NFTs on Ownity, they are whole NFTs divvied up into smaller pieces for ownership by a number of people.

The NFT fractionalization approach is designed to appeal to those wanting to participate in the booming NFT market without breaking the bank, or simply own non-fungible tokens with associates, friends, family, or for business purposes.

Can I Fractionalize Any NFT with Ownity?

Ownity empowers its users to fractionalize prominent collection NFTs listed for sale on OpenSea, LooksRare, X2Y2, and other marketplaces into chunks as small as 1% whatever the price.

You can always whole (100%) NFTs with Ownity as well.

Can I Sell My NFT Fractions?

On Ownity, any fraction is listed for sale as smoothly as it is bought.

You are free to handle NFT fractions you own with just a couple of clicks anytime.

What Are Benefits of NFT Co-Ownership?

First, co-ownership grants pricier NFTs greater accessibility.

Second, thanks to making NFTs more available, it boosts their liquidity.

Third, co-ownership allows for fun cooperation between friends as well as other more formal undertakings based on joint ownership.

Can I Pull Out of Ongoing NFT Fractionalization?

Yes, you can quit any live fractionalization on Ownity until its progress bar hits 100% after which the platform auto-executes the NFT’s purchase from the original marketplace, transferring the funds deposited by the would-be co-owners to the seller in exchange for the NFT itself.

And yes, you will be issued a full refund.

What if Not-Yet-Fully-Fractionalized NFT Is Sold on Original Marketplace?

In this case, you get a full refund to your wallet of the amount you had committed to buying a fraction of that NFT.

When Is Fully Fractionalized NFT Purchased?

The NFT whose Ownity page’s fractionalization bar hits 100% – i.e. each percentage point has gained its owner – is immediately bought from its original marketplace by the Ownity protocol.

What if I Deposit Amount That, Added Up with Other People’s ETH, Exceeds 100% Of NFT’s Listing Price?

The Ownity UI will notify you if you the amount of ETH you're trying to deposit exceeds the currently available max fraction size.

If you try to interact directly with the underlying Ownity protocol and make a mistake, you will be refunded the excess back to your wallet. Ownity never charges you anything extra.

Can Co-Owners List fNFTs for Sale on Several Marketplaces at Once?

Yes, they absolutely can. Note that Ownity 1.0 only supports same-price co-owned NFT listings across the marketplaces co-owners decide to sell their NFT on, which is set to change with further upgrades.

To list a co-owned NFT for sale, one of the co-owners should create a vote where they pick the marketplaces to go for. They can also create separate voting instances for each individual marketplace.

Does Bigger NFT Fraction Mean Greater Rights?

On Ownity, a whole NFT – 100% – can be fractionalized into bits as small as 1% of its listing price.

A co-owner’s vote weight is determined by the fraction percentage they own. It also coincides with the share of rewards generated by the fractionalized NFT that the co-owner enjoys in case their co-owned NFT features such utility.

What if I Sold Fraction of My Fraction?

Selling a portion of your fraction, say 15% out of the 20% stake you hold in a co-owned NFT, you retain your voting and reward-splitting rights that come with the 5% that remain in your possession.

Should you sell your entire fraction, you can no longer partake in any ballots it features in, with the votes you have cast in the ongoing ones deducted.