Right to apply ownership

Apply ownership procedure.

1. An NFT owner who can collect all NFTs in a collection can merge those NFTs into a master NFT. (He can also fragment it to NFT pieces)

2. The master NFT owner grants a right to apply ownership.

3. He can contact SPV to request the ownership application. The process requires 2 weeks of operating time.

4. The master NFT owner signs burning master NFT to smart contract.

5. Once SPV gets a request, they prepare property selling, power of attorney, and land transfer document for the master NFT owner. Those documents are given to the trustee for the process.

6. Master NFT owner contacts the trustee to get the corresponding documents.

7. SPV contacts the trustee to proceed with property transferring to the master NFT owner.

8. Trustee signs burning master NFT to the smart contract.

9. Master NFT owner completes property transferring process at local land office.

10. Once the process is complete, SPV signs burning master NFT to the smart contract.

11. The master NFT is burned. The property is taken out of the platform.

The process is under Thai regulation.