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That looks like a huge point of failure that undermines the whole NFT economy.
by sergiomattei 6y ago
That looks like a huge point of failure that undermines the whole NFT economy.
- vmception 6y agoeh looks more like a UI problem in GUIs popular sites just don't look for transactions right now that would show it was "sleepminted" I'm all for also updating the protocols. ERC721 is not the predominant NFT protocol in use, actually that's hard to quantity as my point being there are several other standards in popular use, and many others still evolving.
- aeternum 6y agoYes, it undermines the current NFT aggregator sites and all the hype. The core concept of NFTs is sound, but the vast majority of NFTs I've seen encode only a URL, often for the marketplace that sold the NFT. So all you really own is a hyperlink to a company's website that likely won't be around for long. A few NFTs encode links to the IPFS (InterPlanetary File System), which still carries some risk of the link/content being forgotten, but is probably a better way of doing this.