But it’s really a protocols vs platforms problem.įor context on that tweet, Yaniv Tal is Project Lead for The Graph Protocol, a GraphQL-based method of indexing and querying blockchain data being developed by Edge & Node. If we had fixed things back then, we wouldn’t be having these NFT issues today. I had conversations with OpenSea about IPFS metadata and using subgraphs instead of custom servers back in 2018. In many cases, the images served via the OpenSea API are hosted on Opensea.io, instead of being references to IPFS metadata that are included in the NFT smart contract. One of the core criticisms of this downtime is that OpenSea built a marketplace for a decentralized ecosystem on the centralized cloud infrastructure of Web 2.0, instead of leveraging decentralized infrastructure. OpenSea API is down so our bots are too 😞 Back soon Ĭentralization in a Decentralized Ecosystem One such user is the NFT Salesbot service, which is effectively dead in the water when OpenSea goes down.Ģnd day in a row, but same story. A number of its users are seeking other alternatives. OpenSea has taken quite a bit of heat lately for frequent downtime, including this latest incident - not unlike the early days of Twitter, with its frequent “fail whale” sightings (where’s the NFT of that?). When the API goes down, those images become unavailable and many of the services lose functionality. OpenSea is the largest Ethereum NFT marketplace by volume and it also has an API that is universally implemented by many other services, like Twitter and cryptocurrency wallet MetaMask, to display NFT artwork to users in a variety of contexts. On the same day Twitter announced NFT profile pictures as a new feature for its premium Twitter Blue users, they ran into a snag because the OpenSea NFT API was down.
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