Buying NFT Fractions
Explore co-owned NFT fractions listed for sale.
Before making your first purchase with Ownity, make sure you have sufficient ETH balance for any of the listings you might pick.
Here’s a quick MetaMask guide on how to do exactly that.
Starting or Joining Fractionalization
The Ownity NFT Page enables Ownity's core NFT fractionalization, co-purchase, and co-management (as well as conventional purchase and management) and NFT fraction management functionality for you.
An NFT page’s tools vary depending on the status of the NFT: whether it’s 100% fractionalized/listed or not, and whether any of its fractions are on sale.
1️⃣ Favorite or unfavorite the NFT and refresh its metadata.
2️⃣ Check out what marketplace the NFT is listed on and at what price. Hit “Buy Together” to buy either a fraction or the whole NFT and thereby start its fractionalization.
3️⃣ View the NFT’s key information: its details, properties, and collection description as well as chat with other Ownitians about a possible co-purchase by heading to the “Chat” tab.
The Chat is pretty straightforward. It facilitates communication with others who might be interested in co-owning an NFT.
Now let’s click 2️⃣ “Buy Together” which opens up the “Buy Fraction” window.
Here
1️⃣ Enter your percentage. In the case of an ongoing fractionalization, you may want to consider the “Max” button, as it allows you to put in the maximum available percentage to finish the fractionalization with your purchase.
If you enter 100%, it would imply the purchase of the whole NFT and your exclusive ownership.
2️⃣ Hit the “Buy Fraction” button.
Ownity will communicate your input to your MetaMask extension where you need to confirm the purchase transaction to check out.
Once the transaction is complete, you will be notified with the “Transaction Successful” window. This means your funds towards the co-purchase of the NFT have been successfully transferred to the Ownity protocol.
The window also contains the transaction’s Etherscan (the Ethereum block explorer) link so you can hop over to check the details.
So click “Great!” (we sure hope it’s so) to close it and look at your share-to-be in the pie chart.
At this point, you’re considered a member of this fractionalization and have claimed your future fraction of the NFT.
1️⃣ Deposit funds towards another fraction or the exclusive ownership of the NFT with the “Buy Fraction” button if you feel like it, which involves the same steps as your initial purchase. You can also quit the fractionalization you kicked off or joined by hitting “Cancel”.
2️⃣ Once others deposit funds towards the co-purchase, they will be shown in the chart and listed next to you.
Here’s how the NFT’s page is going to look when somebody bought the remaining percentage, turning the NFT into a fully fractionalized one.
You can see that now
1️⃣ The page features a button for you to call a vote on whether to list the co-owned NFT for sale on one or several top marketplaces.
2️⃣ You’re considered a co-owner of the NFT.
And here’s how your co-purchased NFT is displayed in the User Dashboard.
Notice that the OpenSea logo is now replaced with the Ownity one, which indicates that the NFT has been successfully transferred to the Ownity protocol following the co-purchase.
Whole NFT
If you enter 100%, the Ownity protocol will buy the whole NFT from its original marketplace, consider you the sole owner right away, and make the “Call Vote” and “Sell Fraction” functionality available to you right away.
Last updated