NFT-Based Escrow Service: Business Logic

Jackson Ng
Coinmonks
Published in
12 min readSep 19, 2021

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How do you ensure that the Non-Fungible Token (NFT) that you just bought will definitely be delivered?

Let’s take this question further.

Imagine that you are purchasing a used luxury watch that comes with an ERC-721 based NFT certificate (like the one that I discussed in the article NFT-based Luxury Watch Certificate). How do both the buyer and seller ensure payment and delivery without a middleman?

Photo by Nicolas Cool on Unsplash

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