Controversial take incoming but someone needs to say it.
The entire NFT market sitting on a ticking time bomb and almost nobody realizes it. Not talking about price speculation. Talking about fundamental infrastructure failure.
Over $2 billion in NFT market cap. Millions of pieces. And probably 90%+ of the actual IMAGE FILES stored on centralized servers that could disappear tomorrow.
IPFS? Only works if someone keeps pinning. Stop paying the pinning service your NFT goes poof. Startup databases? They're burning VC money will shut down eventually. Even major platforms could change terms or get acquired.
Your blockchain proof of ownership is worthless if the thing you own doesn't exist anymore.
This is an extinction level event waiting to happen and @Walrus 🦭/acc is literally the ONLY real solution at scale.
$WAL on Sui using erasure coding for truly permanent decentralized storage. Not dependent on any company staying in business. Not requiring ongoing payment to keep files alive. PERMANENT.
Here's what's going to happen - some major NFT platform will shut down. Thousands of valuable NFTs become broken links. Panic spreads. Everyone realizes the infrastructure is broken.
Smart projects already migrating to Walrus before crisis hits. Smart holders demanding their NFT projects use proper storage. Smart investors positioning in $WAL before this becomes obvious to everyone.
When the collapse starts it'll be too late to fix. Infrastructure migrations take time. Projects that waited will watch their NFTs die. Projects that prepared with @Walrus 🦭/acc will survive and thrive.
I'm not trying to spread FUD I'm trying to prevent disaster. The problem is REAL. The solution exists. Use it before you're forced to.
Market hasn't priced in this risk yet. When it does $WAL goes parabolic as only viable solution.
You've been warned.