Hacker News Reader

Exactly. If you want to buy any NFT, you have to go to a centralised marketplace like opensea.io. On top of that you probably have to exchange fiat to ETH in a centralised exchange. If any of those two stop existing your NFTs become worthless, at least when denominated to fiat. And if you can't convert to fiat or buy real things, it's all imaginary.

View on HN

> If you want to buy any NFT, you have to go to a centralised marketplace like opensea.io.

With hicetnunc.xyz, there is already one example of a "marketplace" shutting down and being immediately replaced with alternative interfaces - which works because the underlying smart contract doesn't care what system people use to interact with it. The "blockchain is a distributed database" part does indeed work if a system is designed to use it.

Reply on news.ycombinator.com