The rising importance of metadata and increasing prevalence and value of NFTs means that how we store NFT data and the respective metadata is crucial.
The Importance of Metadata & NFT storage 🧵
messari.io/article/the-st…
The Importance of Metadata & NFT storage 🧵
messari.io/article/the-st…
Blockchains are great at replicating a small amount of data on millions of computers across the world, but are often limited in terms of on-chain storage capacity.
Since not every part of the NFT is suitable to be stored on-chain, NFTs leverage other immutable storage solutions.
Since not every part of the NFT is suitable to be stored on-chain, NFTs leverage other immutable storage solutions.
Generally, an NFT possesses on-chain & off-chain info.
On-chain information:
• The NFT ID (e.g. Punk #2517) that has metadata associated with it
• TokenURI – Unique resource identifier (URI) that points towards where the content of that NFT is stored (URL, server, IPFS, etc)
On-chain information:
• The NFT ID (e.g. Punk #2517) that has metadata associated with it
• TokenURI – Unique resource identifier (URI) that points towards where the content of that NFT is stored (URL, server, IPFS, etc)
NFT off-chain information:
• NFT Metadata – information on a server or IPFS referenced to by the URI about the NFT (name, description)
• Rich Data: The data associated with the NFT (e.g. actual image file) that is not minted on the blockchain and is stored elsewhere(e.g. AWS)
• NFT Metadata – information on a server or IPFS referenced to by the URI about the NFT (name, description)
• Rich Data: The data associated with the NFT (e.g. actual image file) that is not minted on the blockchain and is stored elsewhere(e.g. AWS)
There are various storage options including decentralized storage solutions like @SkynetLabs, @ArweaveTeam, & @Filecoin.
Firms like @pinatacloud & @Filebase leverage decentralized storage networks like IPFS, Storj, and Sia but provide cleaner interfaces + enterprise features.
Firms like @pinatacloud & @Filebase leverage decentralized storage networks like IPFS, Storj, and Sia but provide cleaner interfaces + enterprise features.
As all digital assets inevitably move onto permissionless blockchains as NFTs or other tokens, how and where we store this valuable information becomes increasingly important.
Just something to remember for when you buy your next animal-themed jpeg.
messari.io/article/the-st…
Just something to remember for when you buy your next animal-themed jpeg.
messari.io/article/the-st…
• • •
Missing some Tweet in this thread? You can try to
force a refresh
