Imagine you wake up one day and your whole gallery full of beautiful, intricate and detailed art from some of the best artists in the entire space just default to blank screens displaying nothing
Well this became a reality for anyone who bought works that were minted on FTX's NFT exchange as they came to realise that after the Crypto-Giant became bankrupt, their NFTs were no longer viewable, and instead redirected the owners to a restructuring page declaring FTX's bankruptcy.
This all comes down to the fact that they hosted all their NFTS on the AWS, instead of a web3 server, and once they went bust, so did their pretty little pictures.
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