Listing Co-Owned NFT for Sale on External Marketplace

Ownity -> OpenSea, LooksRare, X2Y2.

1. Co-Owners vote to list their NFT for sale on an External Marketplace.

The actual voting process takes place at the Ownity backend to reduce transaction costs.

1. If the vote is successful (a number of Co-Owners accounting for over 50% of the NFT’s initial co-purchase price), the Oracle calls the Proxy Smart Contract to transfer the NFT to the Oracle address for the NFT’s subsequent listing for sale on the External Marketplace.

2. The Oracle signs the listing message and lists the NFT for sale on the External Marketplace.

3. Once the NFT is sold, the Oracle calls the Proxy Smart Contract to record the “NFT sold” status and transfers the funds it received to the Proxy Smart Contract for their subsequent distribution to the Co-Owners.

Listing NFT for Sale on External Marketplace