Of course. The OP didn't mention which key, so assumed they are talking about the private key, especially when they mentioned out-of-bound sharing, usually terminology used for asymmetric cryptography. Public keys don't need to be shared out-of-band, in fact they are always published along with the transaction on the blockchain. (well technically, only the curve points and the hash are, but using these, we can re-create the public key)
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The public key still needs to be shared.
Of course. The OP didn't mention which key, so assumed they are talking about the private key, especially when they mentioned out-of-bound sharing, usually terminology used for asymmetric cryptography. Public keys don't need to be shared out-of-band, in fact they are always published along with the transaction on the blockchain. (well technically, only the curve points and the hash are, but using these, we can re-create the public key)