Is Opensea decentralised?

by Abi on Nov 13th, 2024 11:52 AM

Opensea operates as a centralised platform eventhough it uses a decentralised Ethereum blockchain for NFT transactions. All transactions includes in Ethereum blockchain which ensures the transparency and immutability. In the centralised aspect, Opensea Clone also maintain its platform's features, fees, collects and store data of the users raising their concerns. OpenSea is a hybrid approach that uses blockchain technology's decentralized nature while keeping centralized control over some platform features. Although the blockchain guarantees transaction security and transparency, the centralized components present possible hazards and restrictions. Contact Maticz to know further about developing your Opensea clone leveraging your business.