> For the complete documentation index, see [llms.txt](https://404-project.gitbook.io/404-lite-paper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://404-project.gitbook.io/404-lite-paper/guidelines-for-nft-holders-of-non-partnered-collections.md).

# Guidelines for NFT Holders of Non-Partnered Collections

If you are an NFT holder of a non-partnered collection and wish to fractionalize your NFT on  the404.io platform, please follow these steps:

**Step 1: Selection of NFT**

1. **Connect Wallet**: Connect your cryptocurrency wallet to the404.io platform.
2. **Choose NFT**: From your wallet, select the NFT you want to fractionalize. Ensure that the NFT is compliant with the ERC-721 standard.

**Step 2: Smart Contract Interaction**

1. **Initiate Fractionalization**: Navigate to the fractionalization section on the platform and initiate the process.
2. **Smart Contract Execution**: The platform will provide a smart contract to handle the fractionalization. Approve the contract interaction to proceed.
3. **Deposit NFT**: The selected NFT will be deposited into a secure vault. This ensures the NFT is safely stored during the fractionalization process.

**Step 3: Token Minting and Distribution**

1. **Minting of Fractional Tokens**: The smart contract will mint an equivalent amount of ƒ-tokens (ERC-20) representing shares of the NFT.
2. **Token Distribution**: The newly minted  ƒ-tokens will be distributed to your wallet, representing your fractional ownership of the original NFT.

**Step 4: Fractional Value Determination**

1. **Assessment of NFT Value**: The value of your NFT will be assessed to determine the number of  ƒ-tokens to be minted. This ensures that the ƒ-tokens accurately represent the market value of the NFT.
2. **Fraction Allocation**: Based on the assessed value, you will receive a fair and proportional amount of ƒ-tokens.

**Step 5: Utilizing** ƒ-t**okens**

1. **Liquidity Provision**: You can add your  ƒ-tokens to a liquidity pool on the platform, paired with the native $FOF token. This helps maintain liquidity and stability in the market.
2. **Trading**: You can trade your ƒ-tokens on the404.io platform, allowing you to benefit from increased liquidity while still retaining partial ownership of the NFT.
3. **Staking**: Stake your  ƒ-tokens in designated pools to earn additional rewards in the form of $FOF tokens, incentivizing long-term participation.

**Important Considerations**

* **Gas Fees**: Be aware that the process of fractionalization involves transaction fees (gas fees). Ensure you have enough ETH in your wallet to cover these fees.
* **Security**: The platform ensures the security of your NFTs through the vault mechanism. However, always practice good security hygiene with your wallet and private keys.
* **Community Voting**: For non-partnered collections, the inclusion of certain NFTs might be subject to community voting. Engage with the community to ensure your NFT gets the necessary support.