The NFT Market Is Already Centralized

The NFT Market Is Already Centralized
One of the problems non-fungible tokens (NFTs) purport to solve is the idea of “platform risk.” Buy an in-game add-on for a video game and your purchase really exists only on the publisher’s platform; files are hosted on company servers until the game is retired, at which point everything vanishes into the ether.By contrast, NFTs interact directly with a blockchain, which means each computer in the network retains a complete record of what’s actually going on with the files. No single company is responsible for storing the data; the thinking is that if one front-end interface crumbles, another can step…