Heads up that the entire Solana NFT market, which is the 2nd biggest after Ethereum by volume, can be entirely rugged by a single company and there’s no point in being on a blockchain

That’s right, Metaplex, which is in control of the 4/6 multisig controlling the Metadata program that pretty much every NFT collection on Solana uses can arbitrarily change it and:

brick almost all the NFTs on Solana change the image or other metadata related features of almost all the NFTs on Solana

These concerns have recently surfaced more broadly in the community after Metaplex’s decisions to change the Metadata program to allow creators to ban specific marketplaces, a decision that will lead to consolidation of power of big NFT marketplaces.

More info here: https://twitter.com/0xmert_/status/1600902658939703296?s=46&t=MRvWe5dxqwTIFgVJGU43Jw