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This is not entirely correct. NFTs can and do exist entirely on-chain. For reference: https://skerritt.blog/response-to-moxie/ https://skerritt.blog/response-t

• wildmanx 5y ago
  > > Looking at many of the NFTs on popular marketplaces being sold for tens, hundreds, or millions of dollars, that URL often just points to some VPS running Apache somewhere. > This is a lie. Whenever somebody writes this, I immediately stop reading. A lie is a statement of fact which is incorrect and the one stating it knew that it's incorrect. Claiming that a statement is a lie is an extraordinary claim that needs strong evidence, i.e., that the statement is indeed incorrect and that the author of it was aware of that at the time of writing. Neither is such evidence provided nor is it even attempted.