This video will explain the Pros and Cons of Freezing your Metadata while minting your NFT collection on OpenSea. This tutorial will also show you how to ensure your metadata is being stored securely on IPFS.

Providing asset metadata allows applications like OpenSea to pull in rich data for digital assets and easily display them in-app. Digital assets on a given smart contract are typically represented solely by a unique identifier (e.g., the token_id in ERC721), so metadata allows these assets to have additional properties, such as a name, description, and image.

The InterPlanetary File System is a protocol and peer-to-peer network for storing and sharing data in a distributed file system. IPFS uses content-addressing to uniquely identify each file in a global namespace connecting all computing devices.

Freezing Explanation
https://support.opensea.io/hc/en-us/a...

Metadata Explanation
https://docs.opensea.io/docs/metadata...

#nft #opensea

Outline
Intro 0:00 - 0:25
Metadata Standards 0:25 - 0:45
Query Smart Contract 0:45 - 3:11
Lazy Minting 3:11 - 3:58
Freezing Metadata 3:58 - 4:33
IPFS 4:33 - 4:53
Viewing Metadata 4:53 - 6:10
Pros 6:10 - 6:26
Cons 6:26 - 6:45
Examples 6:45 - 6:59
How to Freeze Metadata 6:59 - 8:25

What is an NFT?
A non-fungible token (NFT) is a non-interchangeable unit of data stored on a blockchain, a form of digital ledger, that can be sold and traded. Types of NFT data units may be associated with digital files such as photos, videos, and audio. Because each token is uniquely identifiable, NFTs differ from blockchain cryptocurrencies, such as Bitcoin.

NFT ledgers claim to provide a public certificate of authenticity or proof of ownership, but the legal rights conveyed by an NFT can be uncertain. NFTs do not restrict the sharing or copying of the underlying digital files, do not necessarily convey the copyright of the digital files, and do not prevent the creation of NFTs with identical associated files.

NFTs have been used as a speculative asset, and they have drawn increasing criticism for the energy cost and carbon footprint associated with validating blockchain transactions as well as their frequent use in art scams and claimed structure of the NFT market to be a Ponzi scheme.

______________________________________________________________________

1Password | Secure Enclave for Password Management
https://www.jdoqocy.com/click-1005837...

Wander Bear Coffee #wanderingbearcoffee
https://glnk.io/y5vz/timothy
Use Discount Code for 10% Everything: Timothy

🗓 No Code Technology Mastermind Zoom Call Calendar [Free to Join]
https://lu.ma/v1st3q5l

📞 Let's Talk. One-on-One.
https://calendly.com/session-with-tim

➕ Consider Subscribing
https://bit.ly/3ekpBk1

🏢 Business Consulting
https://statechange.ai/