Skip to main content

Posts

Showing posts with the label n

What Happens If OpenSea Disappears Tomorrow? Do You Still Own Your NFT?

  What Happens If OpenSea Disappears Tomorrow? Do You Still Own Your NFT? Most NFT Owners Don't Actually Know What They Own Imagine waking up tomorrow and seeing this headline: "OpenSea Has Shut Down Permanently." Your first thought would probably be: "Have I just lost all my NFTs?" Surprisingly, millions of NFT holders cannot answer that question. Some would panic and sell everything. Others would assume their collections had vanished forever. Both reactions are wrong. The truth is more interesting—and understanding it could completely change how you think about NFTs. The Biggest Misconception About NFTs People often believe an NFT lives inside OpenSea. It doesn't. OpenSea is a marketplace. That's like thinking your house exists because it is listed on a property website. If the website disappears, your house doesn't. The listing disappears. Your house remains. The same principle applies to NFTs. OpenSea helps people discover, buy and sell NFTs. It ...