#NFT #eBay This is the explanation of CUSTOM idea for how to create and sell NFT on eBay ?
How to Create and Sell NFT on eBay ?
This is the idea. How e Bay can facilitating it’s member to Create and Sell NFTs on eBay?
STEP 1: Establish a clear and true online identity.
STEP 2: Create digital asset.
STEP 3: Assert effective ownership of digital asset.
STEP 4: Get yourself a public or private cryptographic key.
STEP 5: Publicize the public key and tie it clearly to your identity.
STEP 6: Offer your digital asset for sale on eBay.
STEP 7: Receive payment in dollars via eBay.
STEP 8: Receive buyer’s public cryptographic key as address.
STEP 9: Form an NFT consisting of the digital asset and a transfer of ownership agreement.
TRANSFER OF OWNERSHIP AGREEMENT
[[Alice]], whose public cryptographic key is [[PubK1]], as the owner of digital asset [[DA]] whose identifying hash is [[hashDA]], agrees to transfer ownership of [[DA]] to [[Bob]], whose public cryptographic key is [[PubK2]]. In granting ownership of [[DA]] to [[Bob]], [[Alice]] warrants that she is the full and sole owner of [[DA]], and that in transferring ownership to [[Bob]], she does so unconditionally, granting him full and sole ownership of [[DA]].
STEP 10: Buyer downloads NFT and assumes ownership of underlying digital asset.
STEP 11: Record at eBay sale of digital asset embedded in this NFT.
STEP 12: Repeat previous steps so that buyer becomes seller and in turn can sell NFT.