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Web3 is so decentralized that they have a central authority for preventing the sale of stolen ape pictures

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Dec 31, 2021

Breaking: The stolen Bored Apes worth $1.9 million is frozen by Opensea in the NFT Market #NFT api.crypto60sec.com/app/v/share/pa

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Does it actually prevent sale though? I thought it just prevented listing in prominent market, but had no control over actual sale.

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OpenSea only prevented using their platform to facilitate it. They have no control over Ethereum or this particular smart contract. They can still be sold through the mechanism for that defined by the people who created the ape token. I doubt the contract has a way to freeze it.

2:02 PM · Jan 2, 2022Twitter Web App

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s/a way/a way intended by the designers/ It probably has loads of exploitable bugs. 😈

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There's a cursory review of the ape smart contract at medium.com/northwest-nfts. It's a very lazy implementation and the apes are simply a path added to the end of a base URI pointing at Google Cloud. They didn't even enable optimization of the code and it wasn't really done right.

medium.com

Bored Ape Yacht Club: Contract Review

If you give 10,000 monkeys typewriters, how long will it take them to write a successful NFT smart contract?

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I think the people who made it likely only had a very basic understanding of those smart contracts and simply adjusted a template from elsewhere. Now that they've gotten millions of dollars, they've been building newer contracts with some very primitive monetized game mechanics.