Nov 1, 10:34 pm
Decrypt
Elon Musk Isn’t Fond of NFTs That Aren’t Stored On-Chain. Bitcoin Ordinals Fans Rejoice
Elon Musk has criticized the storage of NFTs, stating that many are not fully stored on-chain and are instead hosted on external servers, putting them at risk. While Musk’s assertion is not true for all NFTs, some projects on Ethereum do store their artwork on-chain. Bitcoin’s Ordinals protocol offers a fully on-chain solution for inscribing artwork and media onto the blockchain.