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YES!! NFTs are just a smart contract standard. Look at OpenSea. It's the google/ebay of NFTs on Ethereum. They are all interchangeable.
by twox2 5y ago
YES!! NFTs are just a smart contract standard.
Look at OpenSea. It's the google/ebay of NFTs on Ethereum.
They are all interchangeable.
- rory 5y agoGood to hear! Digging a little more, it seems like the answer is sometimes yes. In this thread NBA Topshot is excluded: https://old.reddit.com/r/ethereum/comments/m1mb0s/can_someone_explain_the_transferability_of_nfts/ https://old.reddit.com/r/ethereum/comments/m1mb0s/can_someon... Is that thread correct? Is the general theme that corporate NFTs don't truly decentralize, but small players and committed crypto people put their NFTs on Ethereum so they can be moved around?
- twox2 5y agoCorrect, some "corporate NFTs" are run on their own chains, etc. This is why most of the price action is on Ethereum. Assuming you are somewhat technical, you can read about the actual smart contract standard, it's called erc721.
- lottin 5y agoSo they're all centralised on Ethereum, right?
- twox2 5y agothey are all decentralized on ethereum :) Though there are some projects that are working on bringing cross-chain portability to NFTs. I don't know how those work though.