Blockchain
general
June 01, 2020· 1 min read

Decentalization and Immutability

Explore the significance of decentralization and immutability in NFTs, and why the mantra "not your keys, not your coin" emphasizes the need for true ownership and on-chain freedom.

Really interesting action by Dapper Labs today:

Without getting into the details of why Dapper did what they did, our assumption is that NFTs are immutable. You buy an NFT and no one can take it away from you.

It turns out the old bitcoin mantra "not your keys, not your coin" is just as relevant with NFTs. Platforms will be pressured to allow users to take their assets off platform and on-chain.

Get More Insights
Join thousands of professionals getting strategic insights on blockchain and AI.

More Blockchain Posts

October 25, 2024

Exploring the Use Cases of Zero-Knowledge Proofs Beyond Cryptocurrencies

Hey there, blockchain enthusiasts! In our last post, we dove into the exciting world of DeFi and how zero-knowledge proo...

May 04, 2024

Distributed Ledger Technology: The Backbone of Blockchain

In our last post, we discussed the key differences between centralized and decentralized systems. Today, we're going to ...

August 29, 2024

Unlocking a Greener Future for NFTs with Proof-of-Stake Blockchains

In our last post, we addressed the environmental concerns surrounding NFTs. Today, we're diving deeper into the world of...