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Mannay [šŸ”µ,šŸŽ©] pfp
Mannay [šŸ”µ,šŸŽ©]
@mannay
ā•”ā•ā•ā• WTF are "Fully On-Chain" NFTs ā•ā•ā•ā•— What does "fully on-chain" really mean for NFTs? Let's demystify the term, often misused in the space. ā›“ļøšŸŽØ [1/11]
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Mannay [šŸ”µ,šŸŽ©]
@mannay
ā–ˆ Basics: In a "fully on-chain" NFT, everything - from the artwork to metadata - is stored directly on the blockchain. No reliance on external links or storage. Ensuring permanence and authenticity. ā–“ [2/11]
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Mannay [šŸ”µ,šŸŽ©]
@mannay
ā–’ Artwork: True on-chain NFTs encode and store digital art within the blockchain itself. No IPFS or external URLs are used. This ensures the art remains tamper-proof and permanently accessible. ā–’ [3/11]
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Mannay [šŸ”µ,šŸŽ©]
@mannay
ā–‘ Metadata: In fully on-chain NFTs, attributes and traits are stored on the blockchain too, not just pointers or links to external json. This ensures full decentralization and integrity of data. ā–‘ [4/11]
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Mannay [šŸ”µ,šŸŽ©]
@mannay
ā–“ Smart Contracts: The contract handles all aspects including creation, transfer, and interactive features. It's crucial for a fully on-chain NFT to operate independently of off-chain inputs. ā–“ [5/11]
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Mannay [šŸ”µ,šŸŽ©] pfp
Mannay [šŸ”µ,šŸŽ©]
@mannay
ā–ˆ Longevity: The key advantage of fully on-chain NFTs is their resilience. Even if a project's website goes down, the NFTs remain intact and accessible on the blockchain. They don't rely on off-chain servers, ensuring eternal digital ownership. ā–ˆ [6/11]
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