The peer-to-peer (P2P) hypermedia protocol, IPFS, is slowly growing into a legitimate alternative to conventional file and site hosting. A key feature of IPFS is its scalability. The IPFS architecture is designed to handle “load balancing, de-duplication, caching, and high availability.” Any computer can act as a server (node), and it elegantly leverages peer nodes to create a distributed content delivery network (CDN) as demand increases. Additionally, the IPFS Gateway and DNS support by Cloudflare removes any remaining concerns one might have regarding delivery, performance, and domain name usage.
Remember when musician 3LAU sold an NFT album for $11 million on the Gemini-run marketplace NiftyGateway? It might seem like forever ago, but it was at the beginning of March.
And now it’s missing.
To be sure, you can still find a copy of it on NiftyGateway, but the actual NFT asset is no longer discoverable online. It exists only on a centralized provider, a business that could eventually go bust as so many businesses eventually do.