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IPFS is a peer-to-peer network for sharing data. It's a popular choice for underpinning NFT metadata, and if used properly it offers strong redundancy and availability assurances.
But what happens when it's used improperly? In the worst case scenario, the associated art becomes unavailable, and the NFTs become mere tokens. We've seen this before with platforms like Ascribe, Digital Objects, Editional, and even FTX.
More recently, this week NFT sleuths discovered that nearly 30,000 NFTs from eBay's shuttered KnownOrigins marketplace—including iconic XCOPY works—rely on an outdated Infura link in their IPFS implementations, jeopardizing the availability of their art going forward.
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