TECHNIQUES AND SMART CONTRACTS FOR FACILITATING AUTOMATIC RETRIEVAL OF NON-FUNGIBLE TOKENS ON A BLOCKCHAIN

Fuente: Wipo "digitalization"
Methods and systems are described for facilitating lending of NFTs through an NFT marketplace system. In some embodiments a token marketplace system receives a request from a lender to create an NFT loan listing, verifies the lender's ownership of the token, and creates the listing. When a potential borrower requests to borrow the NFT, the system initiates a series of verification steps. These include requesting permission for a retrieval smart contract to act on behalf of the borrower's account and confirming that these permissions have been granted by the lendee. Upon successful verification, the system initiates a blockchain transaction to transfer the NFT to the borrower's account. The foregoing allows NFT owners to lend their NFTs to lendees in a trustless ecosystem.