Cover photo

The Collectors NFT Vault

The Collectors NFT Vault is a new way to fractionalize NFTs. Instead of using ERC20, each part is represented as an ERC721 token.

There are many advantages for doing so such as:

  1. “Blue-chip” collections are more accessible for mainstream collectors (you might not have 20 ETH to buy a MAYC but you do have 5 ETH to buy 25% of it)

  2. You can sell your ownership share on Opensea (and other marketplaces) immediately and don’t need liquidity in an ERC20 pool nor relying on arbitrageurs to fix the discrepancies between the market cap of the ERC20 and the collection floor price

  3. As oppose to other platforms, our vaults allow listing and buying NFTs directly on Opensea rather than needing to auction on Fractional

  4. You can use your share NFT (it looks like the original NFT just with % strip) as a PFP and flex that you own 50% of a BAYC

  5. You can split your high end NFT (1000 ETH+) to X parts and sell them on Opensea

  6. Projects can grow their community by offering benefits (i.e joining discord) to holders that have more than x% ownership in the project’s NFT

Furthermore, as far as we know, the NFT vault is the first product that allows a group of people to buy and sell NFTs on Opensea.

So how does it work?

Create a vault

You can select privacy options among other settings
You can select privacy options among other settings

Deposit some ETH

User deposited 0.2 ETH
User deposited 0.2 ETH

Select NFT to sale from the collection of the vault

You can also select an NFT that is not currently for sale
You can also select an NFT that is not currently for sale

Other participants deposit more ETH and vote for or against buying this specific NFT

Need to pass buy consensus to execute the purchase
Need to pass buy consensus to execute the purchase

When the buy consensus has passed, the vault is ready to buy from Opensea

Any participant can execute the purchase of the NFT
Any participant can execute the purchase of the NFT

The vault has purchased the NFT

See the sale on Opensea item activity
See the sale on Opensea item activity

After the vault purchased the NFT, participants can claim their share

Claim your share or set a listing price to sell the NFT
Claim your share or set a listing price to sell the NFT

This is what the ownership share NFT looks like

Notice that the share looks like the original NFT with the ownership embedded on it
Notice that the share looks like the original NFT with the ownership embedded on it

Set a listing price and participants vote for selling the NFT

When the sell consensus passed any participant can list the NFT for sell on Opensea
When the sell consensus passed any participant can list the NFT for sell on Opensea

The vault has listed the NFT for sale on Opensea for 0.3 ETH

F3C0EC is the address of the vault (smart contract) that listed the NFT for sale
F3C0EC is the address of the vault (smart contract) that listed the NFT for sale

After the NFT was sold on Opensea participants can redeem their share to claim the ETH from the sale

Participant can claim 0.2 ETH from the NFT sale
Participant can claim 0.2 ETH from the NFT sale

Shares that are not redeemed change their image & properties and are not tradable on Opensea anymore to protect the seller/buyer

Participant must redeem to claim ETH from sale
Participant must redeem to claim ETH from sale

This is a quick overview of the NFT vault and we hope you like it :)

The NFT vault is one product under The Collectors brand. Stay tuned for additional product release in Q3!

https://thecollectorsnft.xyz/?_