# The Collectors NFT Vault

**Published by:** [The Collectors](https://paragraph.com/@gemzy/)
**Published on:** 2022-04-25
**URL:** https://paragraph.com/@gemzy/the-collectors-nft-vault

## Content

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: “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) 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 As oppose to other platforms, our vaults allow listing and buying NFTs directly on Opensea rather than needing to auction on Fractional 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 You can split your high end NFT (1000 ETH+) to X parts and sell them on Opensea 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 Deposit some 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 Other participants deposit more ETH and vote for or against buying this specific NFT 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 The vault has purchased the NFT 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 This is what the ownership share NFT looks like 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 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 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 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 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/?_

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