Creator Owned Escrow Ī Creator Owned Escrow, or COE, is an escrow account attached to the NFT that is managed by a specified creator. A TOE follows traditional wallet action flow where anyone can transfer a token into the escrow account but the holder is the only one who can transfer the token out. Bob would then be the only one allowed to transfer that token out of the TOE.ĭue to the holder-based permissions, it is only possible to have one TOE on an NFT. This means Alice can add a token to a TOE on her NFT, then sell her NFT to Bob. Transferring a token out of this escrow account is only allowable by the token's holder and the permissions follow the NFT as it is transferred between wallets. Token Owned Escrow Ī Token Owned Escrow account, or TOE, is an escrow account attached the NFT that is managed by the holder of the NFT. The existence both types of escrow accounts are not mutually exclusive. It is currently possible to create two different types of escrow accounts on an NFT: A Token Owned Escrow (TOE) used for ownership and a Creator Owned Escrow (COE) used for associations. At its core it is simply an escrow account attached to an NFT, enabling NFTs to become owners of other tokens.Īside from the requisite security and ownership checks necessary, the functionality this feature affords has been left generic enough to allow users to implement whatever they desire on top of the composability of the token and its escrow account. This extension of the Token Metadata contract was created as a new feature primitive that could optionally be added to all NFTs.
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