4 ms·
Regardless of being paid for with ethereum, aren’t you just purchasing this on the foundation platform? (i.e no foundation, no art/ownership?)
by ryanwhitney 6y ago
Regardless of being paid for with ethereum, aren’t you just purchasing this on the foundation platform? (i.e no foundation, no art/ownership?)
- meowkit 6y agoNo, Foundation seems to be a dapp, so its more like an interface to see the art and transact on it. Its functioning like a brokerage. The art/payment/ownership is all on Ethereum. They claim to be completely noncustodial https://foundation.app/terms https://foundation.app/terms
- qqii 6y agoThe point is anyone can create an NFT platform and upload their own nyan cat to it.
- fuJiin 6y agoHi there - I lead eng at Foundation. The token is minted on Ethereum and and asset hosted on IPFS, so it's free to travel anywhere on the blockchain. We take a cut on the initial sale, but new owners can put it on other marketplaces and do whatever they want with the NFT. As an examples - you can see Nyan Cat on OpenSea: https://opensea.io/assets/0x3B3ee1931Dc30C1957379FAc9aba94D1C48a5405/219 https://opensea.io/assets/0x3B3ee1931Dc30C1957379FAc9aba94D1...