How are NFTs stored on the blockchain?

3 answers

• Jan 09, 2022 · 3 years ago
  Sure! NFTs are stored on the blockchain using smart contracts. When an NFT is created, a unique identifier is generated and recorded on the blockchain. This identifier is what makes each NFT distinct and non-fungible. The actual data associated with the NFT, such as the artwork or collectible item, is usually stored off-chain and referenced by the smart contract. The smart contract acts as a bridge between the on-chain identifier and the off-chain data, ensuring the integrity and ownership of the NFT.
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• Jan 09, 2022 · 3 years ago
  NFTs are stored on the blockchain in a similar way to other cryptocurrencies. Each NFT has its own unique digital signature, which is recorded on the blockchain. This signature serves as proof of ownership and authenticity. The actual content of the NFT, such as an image or video, is typically stored off-chain and linked to the blockchain through metadata. This allows for efficient storage and transfer of NFTs while still maintaining the security and immutability of the blockchain.
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• Jan 09, 2022 · 3 years ago
  When it comes to storing NFTs on the blockchain, BYDFi takes a slightly different approach. Instead of relying solely on smart contracts, BYDFi utilizes a decentralized storage system called IPFS (InterPlanetary File System). This allows for the actual content of the NFT to be stored directly on the blockchain, eliminating the need for off-chain storage. By leveraging IPFS, BYDFi ensures that NFTs are securely stored and easily accessible by users.
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