Buy-Out
Another option to retrieve a native NFT which has been fractionalized (if you do not own 100% of the Fraktions), is to offer a buy-out. This is the process of offering Fraktion holders ETH in exchange for the NFT.
How it Works
Alice sees an NFT she would really love to be the only owner of. She owns 0 Fraktions, but wants the entire thing. She places an offer for 50 ETH, and Fraktion owners can then vote to accept or reject the offer. If rejected, Alice gets her 50 ETH back. If accepted. 50 ETH goes into a smart contract and Alice can withdraw the native NFT. Owners of Fraktions, can now burn their Fraktions and claim their share of the 50 ETH.
*80% of Fraktion holders must vote to accept.
Last modified 1yr ago