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I can upload a jpg, put in my wallet address and sell an NFT on opensea. I don't have to pay or maintain the infra. No charge backs, tax reporting, stripe integ

by bko 5y ago

I can upload a jpg, put in my wallet address and sell an NFT on opensea. I don't have to pay or maintain the infra. No charge backs, tax reporting, stripe integration, etc. I don't even need a website, just pimp it directly on my social

acdha 5y ago
Your transaction fees pay for the infrastructure - and if you’re not paying taxes that’ll catch up with you if you make a habit of leaving signed public confessions around for the auditors. If you don’t generate enough fees, that grinds to a halt since unlike other applications there’s no other benefit to keeping it running.
deleted 5y ago
[deleted]