kinddongzilla
Re:NFT projects are just MLMs for tech elites
on Saturday October 02, 2021 @05:09AM (#28727200)
This is so wrong, I made an account to comment.
While you are right that the NFT is just an entry to the blockchain with a URI to the actual media file, the file is NOT stored on a centralized platform.
While it is possible to use a regular server to store the media file, it is certainly very bad practice and defeats the whole point of NFTs.
The media files are stored on IPFS, which is a decentralized peer-to-peer storage network. This ensures that the media file that a NFT represents, will always be available, since it is hosted by many people on the network.