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Re:Web3 is centralized and inefficient by dfabulich on Wednesday March 23, 2022 @05:09AM (#30776523)
> Are you claiming that this NFT, which everybody knows passed the hands of Shaq, will be worthless in the future?

In this case, absolutely. https://checkmynft.com/?address=0x60e4d786628fea6478f785a6d7... ("Asset Strength: Poor")

The NFT is a simple link to an URL hosted at boredapeyachtclub.com. Even if the owner backs up the image on IPFS, the NFT won't point to the IPFS backup; the NFT will always immutably point to BAYC's website.

Inevitably, BAYC will go down, and when it does, the NFT will be a receipt pointing to nothing.

("But it's a receipt to nothing that Shaq once held!" … yeahhh, sure.)

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