From a friend a link and quote:
"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"
My first impressions of web3
From some of my own searching:
Opinion matches mine: "NFTs are a tired pump and dump scam wrapped in high tech clothing."
Plus some background on what they are and are not.
https://mcn.edu/mcn-insights-nfts-are-a-scam/
Source:
Museum Computer Network Inc.
MCN is a 501(c)(3) not-for-profit corporation incorporated in the State of New York, U.S.A.
By Andrea Ledesma, Digital Product Specialist, The Field Museum, Jeremy Munro, Database Administrator, Smithsonian National Museum of African Art, Erin Canning, Ontology Systems Analyst, LINCS, University of Guelph and MCN Board member, and Claire Blechman, former Digital Asset Manager, Peabody Essex Museum.
NFTs are unique crypto Tokens. “Non-fungible” more or less means that
it’s unique and can’t be replaced with something else.
If I was famous, maybe I could sell a token that I created. The rights stay with the owner (me) it's my art, everything is still mine and the buyer can't do anything with that, except own a token. So people are paying for a NFT and could re-sell it, because it's a one of a kind token.
Whether this is a pump and dump or a bubble fad waiting to crash, I'm not joining, because I'm not someone who has anything that anyone else would pay for. Lets say I put up my most famous work of art. (that's hypothetical already) No one knows me or cares, it's not going to sell. Maybe it will?