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by chrisco255 1319 days ago
The Shared Storefront is OpenSea's proprietary NFT contract that artists can use to create for free on. OpenSea will allow you to create NFTs for free using their centralized servers as a temporary backend and they only get minted on-chain if they sell. It's understood that the Shared Storefront is controlled by OpenSea. While it's a nice feature for beginner artists it is also frequently abused by scams and copyright violators and unoriginal dupes. High quality NFTs issue their own contracts and open source the code.

I think they should open source the code for the contract and be transparent about it, but it's not surprising they maintain control over it.
1 comments
gilleain 1319 days ago
What makes a 'high quality' NFT, in your opinion or experience?
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chrisco255 1319 days ago
An open source contract that adheres to the ERC721 or ERC1155 standard. I'm indifferent to the metadata URI, but some collectors prefer metadata to be fully on-chain or IPFS based. There's trade-offs with each one, so it really depends.
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next_xibalba 1319 days ago
I sense a trap...
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smegsicle 1319 days ago
i assume the implication is that successful/desirable nfts also tend to have a well-thought-out implementation, the union of which being hqnft
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gilleain 1319 days ago
perhaps, but isn't the desirability of something due to its (high) quality? how can its quality be measured from its desirability?

seems the wrong way around

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chrisco255 1319 days ago
I am not talking about high quality art. That is fairly subjective.

I am referring mainly to the smart contract itself. One should be able to audit the contract to understand the transfer mechanics. Most NFT contracts are forks of popular open source implementations of ERC721 such as OpenZeppelin's (https://docs.openzeppelin.com/contracts/4.x/erc721). You want to know things like max supply, mint mechanics, transfer mechanics, etc. And you want to be able to inspect the contract, such as this example: https://etherscan.io/token/0x1CB1A5e65610AEFF2551A50f76a87a7...

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gilleain 1319 days ago
I did not mention art :)

Ok, sure so 'quality' here is literally just the technical implementation of this pointer to a thing. Good to know, thanks.

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