Why Art Blocks Uses JavaScript in Its Smart Contract

Anything that has a community of collectors who see value in it can be “tokenized” to represent ownership of that physical item. For example, an art collector may want to invest in physical art for future value appreciation, but they don’t want to take on the risk of hanging it in their home. The art remains securely in an art gallery, but the owne... See more

This trust framework extends to the software that runs Web3 platforms: key operations can be encoded on the blockchain in “smart contracts” that are auditable and immutable. This makes it possible for a platform designer to commit upfront to certain design features, such as pricing rules, royalty agreements, and user reward mechanics.

All this means that if your NFT is removed from OpenSea, it also disappears from your wallet. It doesn’t functionally matter that my NFT is indelibly on the blockchain somewhere, because the wallet (and increasingly everything else in the ecosystem) is just using the OpenSea API to display NFTs, which began returning 304 No Content for the query of... See more