NFTs are set up in a centralized way.

Every time there's a bull market in cryptocurrency, the charlatans jump out of the woodwork. They build a bunch of websites and scam a lot of naive people. When the market reverses, these project disappear one after another, usually with people's money, sometimes because they don't actually solve a problem. Almost every one of these NFT grift projects are going to disappear over the next year or two.

And he was right of his critique.

Of course, he's saying all that after pumping and dumping his personal centralized crypto crap MobileCoin into Signal.

Some blockchain technologies are highly centralized, but even then I think it's more like an "active/passive" configuration than a truly centralized system. If the system goes wrong, it's still easy to move to a different one.