Bitsliced
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  • ⚡Bitsliced Docs
  • 📝Whitepaper
    • Vision
    • Summary and company profile
    • SLICED token architecture
      • SLICED function
        • Utility of the token
          • Trade NFTs
          • Mint and join channels
          • Metaverse
          • 🎁SlicedPad
          • 🎁Promotions
          • 🎁Exclusive events
      • Security features of SLICED
        • Features of the token
          • Programmatic Security
          • Freezable (Pause)
          • Function to Blacklist Wallet Addresses
          • Burnable
          • Capped
          • Polygon - Layer 2 network characteristics
    • Tokenomics
      • Token allocation
      • Token sale and use of funds
      • Vesting schedule
    • Sliced app
      • Sliced NFTs
      • Features
        • Gamification of trades
        • High Profile Channels
        • Community
        • Swapping
        • Passive income NFTs
        • SBTs (Soulbound tokens)
        • Real Estate
        • Slices (Fractional Ownership)
          • Our solution for slicing NFTs
        • Smart cashback utility combined with crypto
        • Charity NFTs
      • Treasury incentive program
      • Ecosystem fees
      • How are we connecting Real Estate to the blockchain?
    • Core Team
    • Roadmap and development
      • Milestones
    • Revenue stream model
      • Revenue streams for Bitsliced
      • Revenue streams for Users
    • Legal Disclaimer
    • References
  • 🕵️Audits
    • SLICED Token
  • 💬Litepaper
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  1. Whitepaper
  2. Sliced app
  3. Features
  4. Slices (Fractional Ownership)

Our solution for slicing NFTs

PreviousSlices (Fractional Ownership)NextSmart cashback utility combined with crypto

Last updated 2 years ago

Fractionalization is a simple process. Initially, Bitsliced users must deposit their NFTs into a digital vault.

Afterward, users will be given the option of selecting how many "slices" they wish to split the NFT. Selecting ten slices, for example, will result in the NFT being split into ten different ones.

The NFTs are then listed on our NFT marketplace, where anyone can buy them. The original owner will receive royalties for each subsequent sale of a sliced NFT.

After slicing, the original owner of the NFT will also receive a replica. This replica, also an NFT, can be sold only within our platform. If the original owner sells the replica, all the slices will be burned, and owners of the "sliced" NFT will receive their respective share of the total sale value.

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