Important!! Approve the updated NFT Market contract requirement
aiRight team have updated our NFT market contract with more advanced functions, which include the approval mechanism that requires the NFT owners to give permission to our NFT market contract on having authority on executing all the actions related to NFT.
What is the approval mechanism?
The approval mechanism: To be able to execute the following actions, Our NFT market contract need the permission of the NFT owners: Sell/Buy/Auction/Bid/FinishAuction/Automatically send the royalty to the creator, and other actions will be added with the new features coming. So before selling/auctioning your NFT on the aiRight marketplace, the owners need to sign an approval transaction to give authority to our contract.
Why do I need to approve?
For those who have On-sale or need-to-finish auction NFT, each time we update to the new NFT market contract, the previous permission for the former contract is no longer valid so other users can’t buy or finish the auctions (claim NFTs and money) until you approve the new one. We will send a warning popup to these owners to ask for a signing approval transaction, please do follow our instructions below. The buyers will also receive the notice if you haven’t approved it on the NFT details page.
For the others, the approval transaction will be required to sign whenever you start selling or auctioning your NFT to the marketplace.
How to approve our new marketplace contract:
Step1: When you visit Marketplace or your Profile, you will see a warning popup below:
Step 2: Click “Approve now” and sign the transaction by entering your pin
If you accidentally close the popup, don’t worry, you can turn on it again by clicking on the “Approve the NFT market contract” button in the Profile tab
About aiRight
aiRight is the world’s first complete system for AI x NFT x DeFi. Users can generate AI NFTs, protect origin with copyright issuance, trade and tokenize unique artworks, taking advantage of our complete royalty mechanism for contributors on-chain.
Oraichain is proud to be the ecosystem provider of aiRight: securing AI functionalities via AI Oracle, accessing Marketplace, organizing Galleries for DeFi, and cross-chain bridging for NFTs.
