1243
submitted 1 year ago by sam@lemmy.ca to c/piracy@lemmy.ml
you are viewing a single comment's thread
view the rest of the comments
[-] AfricanExpansionist@lemmy.ml 0 points 1 year ago* (last edited 1 year ago)

Uhm... Sorry but you have a fundamental misunderstanding of how this tech works.

NFTs are stored in a "wallet", the address is recorded on the blockchain. As long as you know your seed phrase (or other recovery key) it will be yours eternally. The NFT market is only a place to put buyers and sellers in the same spot. Even "in the market", the NFT lives at a blockchain address, someone else's wallet.

That's why Gamestop can say "we're shutting down our wallet service. Get your recovery key and restore your NFTs elsewhere"

Gamestop doesn't run a licensing server and probably won't. That's for publishers. Also, NFTs make licensing servers redundant.

this post was submitted on 14 Aug 2023
1243 points (98.7% liked)

Piracy

11 readers
25 users here now

Welcome to /c/piracy

No netflix or streaming services landlubbers allowed, this is pirates territory.

founded 5 years ago
MODERATORS