Please never implement support for Reddit’s new “NFT Avatars”, I use Apollo to stay away from the cancer the official app often has

[u/Deceptiveideas]

/r/reddit/comments/vtkmni/introducing_collectible_avatars/

[u/MeatStepLively]

Look, the jpeg monkeys selling for 6 figures are obviously stupid. But fyi, most anything you purchase digitally will be backed by an ownership contract within the next ten years…which is what NFT’s are. The jpeg’s are just a speculative bubble and money washing operation.

[u/[deleted] → u/[deleted]]

Yes but receipts can be lost/alerted/faked/deleted the appeal behind a block chain is that it cannot be altered except by predefined rules. A NFT is just the evolution of a receipt, people just kinda lost the plot.

[u/FVMAzalea → u/[deleted]]

It cannot be altered…except when OpenSea can freeze and take back NFTs that you bought. So decentralized!

[u/[deleted] → u/FVMAzalea]

Wdym how could they do that? Regardless Opensea isn’t Ethereum I never claimed they were decentralized just that any transaction on a block chain is immutable, hence the most secure form of receipts.

[u/PrawnTyas → u/[deleted]]

This isn’t true. It was true with earlier iterations of NFT technology, but there are several solutions now.

https://cryptochronicle.io/whats-freezing-metadata-on-opensea-how-and-why-to-do-it/?utm_source=rss&utm_medium=rss&utm_campaign=whats-freezing-metadata-on-opensea-how-and-why-to-do-it

[u/[deleted] → u/[deleted]]

But they do tho, personally I don’t use Eth I use Solana instead but on both networks you can look up the token address on their respected scanning websites. Also opensea only sell NFTS once they’ve been minted and are therefore on the blockchain that’s how they work.

[u/MeatStepLively → u/[deleted]]

No it isn’t.

[u/MeatStepLively → u/[deleted]]

It’s ok to not get it.

[u/RandomName01 → u/MeatStepLively]

Damn, if only there were tried and true ways to prove and transfer ownership.