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The creator needs to decide which NFT needs a place on the blockchain and which should be outside the chain- Executive.
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Issues with these types of NFTs came into the limelight during the unprecedented demise of FTX-Jana Bertram.
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The market is projected to increase at a CAGR of around 34% by 2030.
Both on-chain and off-chain storage of NFTs (non-fungible tokens) have their own merits and demerits. However, a Web3 mogul encouraged the developers to decide which kind of NFT requires a place in the blockchain and which is required to be kept outside the chain.
Bitcoin Ordinals versus off-chain NFT storage: Execs explain how to choose
Before 2023, non-fungible tokens were not stored on the blockchain, as per the opinion of Jana Bertram lead of strategy at Rari Foundation. The major issues with these types of NFTs came in the limelight during the unprecedented demise of FTX, a crypto exchange established by Sam Bankman Fried.
At the
We współpracy z: https://www.thecoinrepublic.com/2024/01/09/execs-ease-selection-between-bitcoin-ordinal-off-chain-storage/
