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NFT's Don't EXIST [NOT Stored On The Blockchain!]

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First published at 10:17 UTC on February 16th, 2022.

#nfts
#money

AnonymousFinance

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NFTs don't exist on the blockchain?

We are friends with a successful NFT artist who has made millions of dollars from creating and selling NFTs.

The artist told us something around a year ago that we did not know.

Namely that NFTs are not i…

NFTs don't exist on the blockchain?

We are friends with a successful NFT artist who has made millions of dollars from creating and selling NFTs.

The artist told us something around a year ago that we did not know.

Namely that NFTs are not in fact stored on the blockchain.

Rather they are hosted on centralised cloud hosting providers, which can be turned off at any time.

It is the certificate of ownership that is stored on the blockchain, and not the NFT artwork or other asset itself.

Here are our views on NFTs, as well as guests on What Bitcoin Did in a recent podcast.

- *LEDGER WALLET: https://shop.ledger.com/pages/ledger-nano-x?r=ac6a0cf8f94a
- TREZOR WALLET: https://trezor.io/
- BLOCKSTREAM JADE WALLET: https://blockstream.com/jade/

* Ledger link is an affiliate link. Trezor and Blockstream Jade are not affiliate links.

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Category	Business & Finance
Sensitivity	Normal - Content that is suitable for ages 16 and over

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