# OSEAN NFTs AND MARKETPLACE The OSEAN DAO has adopted non fungible token smart contracts (NFTs) as the standard to support its operational and investment activities. The OSEAN DAO will develop NFTs for specific utilities such as governance via OSEAN DAO´s Membership NFTs or tokenization of yacht assets. The OSEAN DAO deployed its NFT marketplace in Q4 of 2023. The NFT marketplace lists various NFTs that each represent a single yacht asset. Each Yacht Asset NFT will be fractionalized by i) 2,000,000 $OSEAN tokens; or ii) by such a number of $OSEAN tokens equal to the corresponding value of the yacht asset. This allows members to enter the yacht market at a lower cost and benefit from the commercial exploitation of these professional yachts. Our NFT marketplace is exclusive to $OSEAN token holders, ensuring a strong connection between the OSEAN project and its community. The OSEAN DAO takes great pride in our commitment to transparency and accountability. At the end of each fiscal year, the balance sheets of the DAO´s Special Purpose Vehicles (SPVs) companies will be made available to the DAO, ensuring that all members have access to the financial performance of the tokenized yacht assets. After depreciation, and applicable withholding liquidity amounts, the remaining funds will be directed back to the DAO through a trustee and converted to $OSEAN tokens. The OSEAN DAO is excited to be at the forefront of the growing intersection between traditional assets and the world of cryptocurrency. The OSEAN DAO LLC provides a bridge between the blockchain and real world economies, creating a unique opportunity for members to participate in the yacht market facilitated by the development and utilization of blockchain technology. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://osean.gitbook.io/oseandao/osean-nfts-and-marketplace.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.