4 ms·
I'd be interested to see what the NFTs MOMA bought are worth now. The NFT market is a fraction of the size it was during the highs of 2021.
by Veen 4y ago
I'd be interested to see what the NFTs MOMA bought are worth now. The NFT market is a fraction of the size it was during the highs of 2021.
- senttoschool 4y agoMost NFTs lost 90%+ of value. People are finally waking up to the fact that the jpeg is still stored in a centralized server - often controlled by the NFT issuer. When the NFT issuer shuts down, so does your NFT. Now your NFT points to a broken URL.
- neuralzen 4y agoMost are on IPFS, but about 10% are 100% on-chain
- senttoschool 4y agoIPFS is too slow. Imagine trying to load 1,000 images from IPFS. People won't tolerate it. Hence, IPFS cannot scale. On-chain also can't scale because you're not suppose to put something like a JPEG on the blockchain.