Is Your NFT Actually Decentralized?

Most NFT images are not actually stored on the blockchain. However, there are exceptions, such as the project Autoglyphs where the images are stored on the blockchain. NFT Metadata on the blockchain usually points to another source for the image.There are centralized ways to host the image and decentralized ways such as IPFS and Arweave. In addition, certain smart contracts have the ability to alter or delete NFT images even after they are generated. We unfortunately saw this happen with the Raccoon Secret Society NFT project. Hopefully, we can learn from the current NFT issues and improve.

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Time Stamps:
Where Are NFTs Stored? – 0:00
Autoglyphs: On Chain NFTs – 1:58
IPFS and Arweave Explained – 3:37
Raccoon Secret Society – 6:27



DISCLAIMER: This is NOT financial or legal advice. I am just offering my opinions. I am not responsible for any investment or legal decisions that you choose to make. This description may contain affiliate links for products that I believe in and use personally. If you purchase a product through one of them, I will receive a commission (at no additional cost to you). Thank you for your support.

#nft #ethereum #solana

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