Buying NFT From External Marketplace

OpenSea, LooksRare, X2Y2 -> Ownity.

  1. When the 1st user buys a fraction of an NFT listed on an External Marketplace, Ownity creates a new NFT Listing entity on its Smart Contract.

  2. At this stage, the Oracle verifies and signs the NFT data to ensure that the NFT does exist on the External Marketplace and that it has all the latest NFT data.

  3. After that, any other user can buy fractions of this NFT Listing until the NFT Listing is complete.

  4. Once the NFT Listing is complete, in the same transaction, Ownity calls the External Marketplace smart contract’s “buy” method and initiates the transfer of the NFT to the Proxy Smart Contract.

Buying NFT From External Marketplace

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