Re:Web3 is centralized and inefficient
by cbovis on Wednesday March 23, 2022 @03:06AM
(#30775801)
The NFTs will still exist and be tradeable outside of OpenSea even if OpenSea itself disappears because they live within a smart contract.
[ Parent
| on HN ]
They will point to nothing and hence (hopefully) be worthless
Re:Web3 is centralized and inefficient
by testesttest on Wednesday March 23, 2022 @10:35AM
(#30778852)
Yep, exactly. Opensea hosts most of their minted NFTs on HTTP.
Re:Web3 is centralized and inefficient
by testesttest on Wednesday March 23, 2022 @10:30AM
(#30778798)
Open seas contract code is not open AFAIK (binary is obviously available but I have not seen source other than decompile) Many contracts can be updated by leveraging proxy contracts. They can delete your nft if you mint with their contact.