The technology behind OpenSea is not quite “OpenSea keeps a list, in Excel, of who owns which NFTs.” The underlying list is kept on the blockchain; it’s just that OpenSea can modify its version of the list however it wants, and its modifications are in practice pretty binding. And in fact there are regular rounds of stories in which (1) some gullib... See more

For this digital, embedded, and decentralized world to reach its full potential, there are meaningful problems to be solved. We must be able to establish identity, at point of transaction and over time, even if pseudonymous. We must have real time and persistent credit risk management, for people, businesses and for specific obligations between and... See more

The narrative of ownership is integral to decentralized financial technology. Traditional online bank accounts represent balances as numbers stored in a centralized database, which can notionally be withdrawn or exchanged for goods and services at any point. As the story goes, this requires placing trust in a banking institution. Blockchain protoco... See more