9 ms·
> They don't even have an on-chain hash of the digital asset Yea... 45% of NFTs have their hash on chain https://yournfts.org/#stats https://yournfts.org/#stat
by testesttest 4y ago
> They don't even have an on-chain hash of the digital asset
Yea... 45% of NFTs have their hash on chain https://yournfts.org/#stats https://yournfts.org/#stats. It isn't great but it isn't none.
- mmaunder 4y agoInteresting point from the same source: > For example, OpenSea serves most of the NFTs they mint over HTTP. If the OpenSea ever collapses, ~8% of NFTs vanish.
- cbovis 4y agoThe NFTs will still exist and be tradeable outside of OpenSea even if OpenSea itself disappears because they live within a smart contract.
- tpxl 4y agoThey will point to nothing and hence (hopefully) be worthless
- testesttest 4y agoYep, exactly. Opensea hosts most of their minted NFTs on HTTP.
- testesttest 4y agoOpen 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.