Decentralized marketplaces like OpenBazaar and Parcl indeed have the potential to revolutionize e-commerce. However, they face challenges such as regulatory scrutiny, user adoption, and trust issues. Regulatory concerns can hinder growth, as governments seek to prevent illegal activities. User adoption is often slow due to unfamiliarity with decentralized systems. Trust issues arise due to the lack of a central authority to resolve disputes. While these platforms may remain niche, they continue to inspire innovations in e-commerce. The rise of NFTs and meme coins doesn’t necessarily diminish their relevance but shows the diverse applications of blockchain technology.