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0 pointspaulgb4y ago0 comments

According to a Twitter employee, Twitter will piggyback on OpenSea verification for verified profile pictures. If it ships, that will be a big moat.

https://twitter.com/thesmarmybum/status/1478505321433735169?...

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TigeriusKirk4y ago· 2 in thread

Not particularly. What verification means there is verifying that a certain Bored Ape is really on the "official" Bored Ape contract. It's verifying the contract address and nothing else. The NFTs themselves can be traded anywhere, there's no lockin for OpenSea there.

It's trivial for Twitter to add another contract address verification source.

paulgbOP4y ago

Will OpenSea verify an NFT minted on a non-OpenSea platform? I had assumed the answer is “no” but I’m not 100% sure.

> It's trivial for Twitter to add another contract address verification source.

It’s technically trivial, but then they are putting themselves in a position to verify the verifiers. It seems like they are outsourcing verification because they want to avoid the overhead of deciding what a verified NFT is, which is something they would have to do if they invited in more sources.

TigeriusKirk4y ago

>Will OpenSea verify an NFT minted on a non-OpenSea platform?

Yes. All the popular NFTs were minted on their own contracts, not on OpenSea.

My suspicion is Twitter will move to verifying for themselves in the long run. I get why they don't want to do it to start, but the hassles of dealing with any 3rd party will grow over time.

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