Built on centralization but the centralized platforms only offer NFT speculation and take a huge fee. I’ll get to the “only offer speculation” in a minute. Firs

Built on centralization but the centralized platforms only offer NFT speculation and take a huge fee. I’ll get to the “only offer speculation” in a minute. First, a huge part of NFTs’ fundamental value is people perceiving these things as valuable, ownable, rights-assigning assets, but how much would this be true if there wasn’t OpenSea? Simply because one can look up and see them on OpenSea gives NFTs value. If OS went down for an extended period, top NFT collections would drop in value. Also the only platforms that can exist at this point are JPEG “trading” platforms like OpenSea simply because speculation is the only thing that's profitable, and because there isn’t yet any legal precedent allowing real assets to be traded using ERC721. I mean, yeah someone can try to put their deed on IPFS but what happens when something like this hits a snag and has to head to court? The fact that no one can convincingly say a judge would side with the ledger is a huge, and the reason NFT use cases are stuck in casino mode.