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this post was submitted on 14 Sep 2023
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So it kind of sucks they did this, as their implementation of NFT's was a decent use case for NFT's outside of being investments. DRM rights that abide by first sale doctrine even if company dies is a good reason for a blockchain. Too bad they decided to treat it as something to invest in.
What rights do you have after a first sale if the company the original contract was with dies? Someone else going to honor your NFT? What if the company also owned the blockchain your NTF is on?
if the company dies, so does the server that hosts the image that your nft links to. If the company dies, the nft dies with it, regardless of who currently "owns" it, or how many times it's been resold