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That’s not what that report says: > Put simply, ~10% of NFTs are on-chain, ~40% of NFTs are on private servers and are doomed, and ~50% remaining are on IPFS.
by nailer 4y ago
That’s not what that report says:
> Put simply, ~10% of NFTs are on-chain, ~40% of NFTs are on private servers and are doomed, and ~50% remaining are on IPFS.
40% is the doomed figure. Which is way too high but there’s a lot of idiots minting shitty NFTs. Since the study wasn’t limited to NFTs on marketplaces (like we’re discussing here) that doesn’t surprise me.
- illiarian 4y agoYes, I misread that. Still, due to how IPFS operates, the majority of those assets will be gone, too. Example from infura: https://community.infura.io/t/does-data-that-hasnt-been-used-in-the-past-6-months-get-deleted/3423 https://community.infura.io/t/does-data-that-hasnt-been-used... --- start quote --- if the data you’ve pinned to IPFS is not accessed within the 6 month period, our garbage collecting system will delete the data. In order to keep data around indefinitely, you will need to access it somehow at least every 6 months. --- end quote --- And more on Hedera: https://hedera.com/blog/nft-storage-why-it-matters https://hedera.com/blog/nft-storage-why-it-matters I can't find the article now. IIRC someone crawled through OpenSea NFTs and the majority of the assets were gone.