Buying & Selling Co-owned NFT

Note: Fraction NFTs are only minted when the launchpad finishes successfully.

Launchpad

  1. You participate in the launchpad sale of the Co-owned NFTs

  2. 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.

  3. Launchpad finishes

    1. Success: NFT fractions are minted & airdropped

      1. Depending on the collection, there can be different criteria for a successful launchpad sale (e.g. number of fractions sold or USD value raised)

    2. Fail: ICPs are refunded to investors

  4. 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:

3. Canceling your listing:

4. Changing the price

  • Cancel the listing first, re-input the price and click [List for sale]

5. Buying a co-owned NFT

6. Getting a refund if the purchase fails

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