Why Do NFTs Disappear? [ML B-Side]
What happens when an NFT marketplace goes under, and disappears? You would imagine that the users’ NFTs are perfectly safe: after all, the blockchain itself is still there, right? But that’s not how things work in the real world.
Jason Bailey is the co-founder and CEO of ClubNFT, a company building the next generation of tools to discover, protect, and share NFTs. Jason is an early collector and proponent of CryptoArt, and he spoke with Nate Nelson, our Sr. producer, about the risks facing sellers and buyers who are unfamiliar with this new technology.