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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.