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If by "centralized crypto" we mean "everyone using OpenSea" (or similar custodian services) then the point is that OpenSea doesn't have full control over the da
by resonious 5y ago
If by "centralized crypto" we mean "everyone using OpenSea" (or similar custodian services) then the point is that OpenSea doesn't have full control over the data.
I can build a competitor to OpenSea that has access to everyone's NFT ownership data because it's in a public blockchain. If Twitter decides to shut down their service, it's gone.
- richardwhiuk 5y agoThen how did OpenSea remove the NFT from Moxie's wallet?
- outside1234 5y agoThey stopped hosting the URL that the blockchain pointed to
- jakear 5y agoThis isn’t correct. Moxie hosts the image, OpenSea hosts the endpoint the wallet queries for ownership listing. The whole system is glorified CRUD, OpenSea always has full control.
- TigeriusKirk 5y agoHis particular wallet pointed to OpenSea by default for his NFTs. There are other wallets that do not, and the NFT never left Moxie's address.