A unique feature of ARC-72 tokens is the ability to authorize another wallet to “spend” or transfer the token on your behalf. This allows you to maintain ownership of your token while another individual, usually a Smart Contract, can transfer the token for you when the terms of the contract are met. NFTNavigator allows you to see, change, and revoke approved spenders for your tokens, which can assist you with:

• Designating the ability to transfer your token to another wallet in your control
• Discovering which of your tokens can be transferred by marketplaces or other contracts
• Revoking the ability of a smart contract, such as a marketplace or swap contract, to transfer your token

In this quest we will try out the Approval features of NFTNavigator and the ARC-72 tokens standard.

1. Click My Portfolio in the Menu bar

   

2. Locate a token in your wallet and click Set Approval

   

3. In the modal dialog, enter an address in which to give Approval and click Next.

   

4. Verify the wallet address and click Submit

   

5. Using your Connected Wallet, sign the transaction and wait a few seconds for it to complete.

CONGRATULATION! You’ve completed the Token Approval Quest! If you'd like you can now Revoke the approved spender.

Ready for the next Quest?