@dreamexecutable has created a new NFT Metadata Storage Standard called BTC-721 which allows NFT Creators to store Metadata of their NFTs on Bitcoin Blockchain using Ordinals.
On-chain Storage on Bitcoin promise better security as compare to Decentralized storage providers like ARWeave. That's also one of the key reason behind the ongoing hype around Ordinals NFTs.
NFTs are an emerging asset class. Picking NFTs for a long term investment is very risky as 99% of them will eventually goes down to zero. You should do extensive research before investing in any NFT project for the long term.
Letβs breakdown into different categories to understand what you should look at before investing for the long term.