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Not quite right.

The assets aren’t necessarily stored on OpenSea. You can see how OpenSea gets the metadata like asset url via the docs:

https://docs.opensea.io/docs/metadata-standards

If you scroll down you’ll see that the assets can be hosted on decentralised networks too like IPFS.

Also, not all NFT projects are built the same. I suggest you check out Pak’s Poets project - it’s a very exciting piece of performance art built around game theory.

Disclaimer: I don’t own any NFTs but that doesn’t mean I’m not excited by what they’re doing.



I agree, you can store it on IPFS. But most people don't, they don't even know it's possible.

I mean, most people could host their own video, but they upload on youtube, and just youtube.

Well, this is the same, only even more niche, so the easy "upload" on open sea is very, very attractive.

I'd wager if one the most popular NFT trading plateform disapear, 99% of all NFT would go poof.


The majority of all NFTs are stored in IPFS; source: I run a platform indexing NFT media files.

Also, the art is the token. Data storage is a orthogonal problem entirely.


> the art is the token

The art is people believing they own more than that.


> The majority of all NFTs are stored in IPFS

Oh, I would never have believed it. Thanks for the info. Most people that I know don't even know what IPFS is. Are those human uploaded, or bot uploaded?

> the art is the token

Yes, but why isn't the token displayed in the centered of the page on most popular platforms?

Because human needs a symbol that represent that token.

For most people, the animation and the number are the same. NFT work because people share a believe about them, after all.

And all the strong believe in humanity are sustained using symbols.

BTW, what's the name of your platform?


I was surprised you could just store the NFT payload in a Dropbox folder... and also swap out the contents whenever you want.

Buyer beware, I guess




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