this post was submitted on 18 Aug 2023
528 points (95.2% liked)

Technology

59377 readers
4098 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
L3s@lemmy.world
L3s@fry.gs
L4s@fry.gs
L4s@lemmy.world
enu@lemmy.world
528
A key feature of NFTs has completely broken / Web3 was supposed to make sure the original artist always got paid. Not so much anymore. (www.theverge.com)
submitted 1 year ago by 2tone@lemmy.world to c/technology@lemmy.world
231 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] Natanael@slrpnk.net 1 points 1 year ago

Or they set up a multisig wallet, each creating one keypair directly on approved (tamper resistant) hardware wallet models, transfer it to the multisig wallet, and now control of the collection of multisig wallets means you control the token.

So now you trade it by trading the set of hardware wallets. Validated by each original participant including results from an audit of the key generation procedure with the hardware wallet.

No trace on the blockchain, and the trust model is more robust than simply taking the word for it as one of them share the private key claiming they did not keep their own copy.