Are Your NFTs on the Wrong Blockchain?

Are Your NFTs on the Wrong Blockchain?(fortune.com)

8 points by smharris65 5 years ago | 5 comments

djohnston 5 years ago |

> "Do you know which blockchain NFTs actually exist on?

If you can’t answer that, and you’re considering dabbling in NFTs (or already have), it’s time to take a step back, because you’re officially in over your head.

If you don’t know it’s a trick question, take about three steps back."

Did I miss something? NFT's do exist on a particular blockchain, they even go through the current ones in the article. Why is that a trick question?

spicybright 5 years ago | |

Yeah I don't see it as a trick either, it's the most basic question to ask with a specific answer.

sovreign 5 years ago | | |

I think it depends on whether you're talking about the transaction containing the NFT metadata (on chain) or the actual data the NFT references in that metadata (ipfs, etc.)

CryptoPunk 5 years ago |

ImmutableX will be releasing a zk-Rollup for NFTs soon. It'll enable 9,000 transactions per second on Ethereum, which will completely eliminate the problem of high fees, and the associated energy consumption, for Ethereum-based NFT transactions:

https://www.immutable.com/

spicybright 5 years ago |

Can we just change mining to how many pounds of garbage you can burn? Would probably be better for the environment.