In Response to My first impressions of Web3

Re:In Response to My first impressions of Web3 by resonious on Saturday January 08, 2022 @10:18AM (#29852435)

If by "centralized crypto" we mean "everyone using OpenSea" (or similar custodian services) then the point is that OpenSea doesn't have full control over the data.

I can build a competitor to OpenSea that has access to everyone's NFT ownership data because it's in a public blockchain. If Twitter decides to shut down their service, it's gone.

[ Parent | on HN ]

Re:In Response to My first impressions of Web3 by richardwhiuk on Saturday January 08, 2022 @10:41AM (#29852664)

Then how did OpenSea remove the NFT from Moxie's wallet?

[ Parent | on HN ]

Re:In Response to My first impressions of Web3 by TigeriusKirk on Saturday January 08, 2022 @11:11AM (#29852980)

His particular wallet pointed to OpenSea by default for his NFTs.

There are other wallets that do not, and the NFT never left Moxie's address.

[ Parent | on HN ]

Re:In Response to My first impressions of Web3 by outside1234 on Saturday January 08, 2022 @10:48AM (#29852735)

They stopped hosting the URL that the blockchain pointed to

[ Parent | on HN ]

Re:In Response to My first impressions of Web3 by jakear on Saturday January 08, 2022 @01:05PM (#29854306)

This isn’t correct. Moxie hosts the image, OpenSea hosts the endpoint the wallet queries for ownership listing. The whole system is glorified CRUD, OpenSea always has full control.

[ Parent | on HN ]