Elon Musk Calls Out NFTs’ Off-chain Storage, Saying “It’s Just a URL to the JPEG”

Elon Musk has criticized non-fungible tokens (NFTs), claiming that many NFTs will not be correctly saved on the blockchain.

This criticism echoes a typical concern expressed throughout the NFT increase, during which entry to art work was misplaced when servers went down. It needs to be famous, nonetheless, that not all NFT tasks function like this, with some protecting art work on-chain.

Ordinals make use of one-of-a-kind inscriptions hooked up to a single satoshi on the Bitcoin blockchain, making certain steady entry so long as the community is functioning.

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