Buying & Selling Co-owned NFT
Note: Fraction NFTs are only minted when the launchpad finishes successfully.
Launchpad
You participate in the launchpad sale of the Co-owned NFTs
You immediately receive an “egg NFT” which is a soul-bound NFT that acts as proof of participation in the sale. - Due to its soul-bound nature, you can never transfer this NFT. - You will keep the egg NFT in both success and fail of the launchpad. - You will profit from future benefits by holding this NFT.
Launchpad finishes
Success: NFT fractions are minted & airdropped
Depending on the collection, there can be different criteria for a successful launchpad sale (e.g. number of fractions sold or USD value raised)
Fail: ICPs are refunded to investors
Once the launchpad sale has finished successfully, the fraction NFTs will be tradeable on the secondary market.
Here is a specific example of the launchpad purchase process for the Julian Opie NFT.
Marketplace
1.Log in Yumi.io, [Co-owned]-[Explore collections]-[Buy Pieces]
2. Listing your co-owned NFT for sale:
Connect your wallet and enter the profile page: https://tppkg-ziaaa-aaaal-qatrq-cai.raw.ic0.app/profile?tab=Collected
Click your selected NFT and enter the NFT detail page
Click the [Sell] button, input the price, and click [List for sale]
3. Canceling your listing:
Connect your wallet and enter the profile page: https://tppkg-ziaaa-aaaal-qatrq-cai.raw.ic0.app/profile?tab=Collected
Click the targeted NFT and enter the NFT detail page
Click the [Cancel listing] button
4. Changing the price
Cancel the listing first, re-input the price and click [List for sale]
5. Buying a co-owned NFT
Connect your wallet and enter the co-owned NFT marketplace: https://tppkg-ziaaa-aaaal-qatrq-cai.raw.ic0.app/origyn/art/2oqzn-paaaa-aaaaj-azrla-cai
Choose an NFT in 'Lots for Sale'
Click [Buy Now]
Read the terms and conditions and click [Confirm]
6. Getting a refund if the purchase fails
Navigate to the vault at https://prptl.io/-/com.yumi.suzanne-walking-launch/collection/-/vault
Click the [Assets in the Escrow] Button
Click the [Withdraw] button (If the Denomination is OGY, ignore it for now. Your refund will be in ICP):
Approve the transaction and the funds should appear in your account in 20-30 seconds.
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