What Hic et Nunc’s Resurrection Says About Decentralized Infrastructure
Late last week, an NFT (non-fungible token) marketplace called Hic et Nunc suddenly went down without explanation. All URLs tied to hicetnunc.xyz were broken, and all NFTs on the site were inaccessible. The site’s Twitter bio displayed an impassive epitaph: “discontinued.”The community panicked. “Pathetic,” wrote one user in the Hic et Nunc Discord server. “NFTs are dead,” wrote another. The fear was that without a working website, the NFTs themselves were effectively inaccessible.“What was clear from what happened on Thursday into Friday is that most people did not understand how NFTs work,” said Bernadine Bröcker Wieder, founder of an art-oriented…