3min chapter

Vaulted by PROOF cover image

100 PROOF: Meeting XCOPY, Marfa, Project Faith, and Why Reddit Matters

Vaulted by PROOF

CHAPTER

The Problem With Retroactively Modifying NFTs

Eden: "I recognize what Magic Eden is trying to do is less about punishing these buyers unknowingly and more about articulating to the space that this type of outcome is possible if we start moving in. It's a preventative approach, right? The problem, I think, is that when you cast a net that wide where the creator has the ability to retroactively modify an NFT after it is engaged in a sale that doesn't respect royalties"

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