Introduction
Non-fungible tokens (NFTs) are a new type of blockchain asset that can represent anything from digital artwork to real-world property. They’re also one of the most exciting developments in cryptocurrency because they make it possible for anyone to create an item with real value.
NFTs are stored on off-chain databases (similar to IPFS) and not on the blockchain itself. This is intentional, as it keeps gas costs low for creators and collectors and prevents Ethereum from losing its ability to support decentralized apps.
NFTs are stored on off-chain databases (similar to IPFS) and not on the blockchain itself. This is intentional, as it keeps gas costs low for creators and collectors and prevents Ethereum from losing its ability to support decentralized apps.
NFTs are stored on off-chain databases in order to keep gas costs low for creators and collectors and prevent Ethereum from losing its ability to support decentralized apps.
The more common way to store NFTs is by using a dedicated database called an NFT indexer. An indexer takes the data from the contract where the token was minted and links it to the metadata supplied by the artist. The result is a directory that can be searched inside or outside of your wallet.
The more common way to store NFTs is by using a dedicated database called an NFT indexer. An indexer takes the data from the contract where the token was minted and links it to the metadata supplied by the artist. The result is a directory that can be searched inside or outside of your wallet.
NFTs are stored on off-chain databases, which means you don’t need to worry about losing access to them if your blockchain goes down or gets hacked (though it’s still wise to keep backups). The primary benefit of this system is that it allows for a much larger number of digital artworks than would otherwise be possible, since there isn’t any limit on how many items can be added to an individual’s collection, nor does each new piece require additional storage space within the blockchain itself—the size only increases when someone makes another purchase from an existing creator’s gallery page.
This process is what allows creators to associate special links with each NFT they create, so you can see the artwork directly on their portfolio. It also allows collectors to view their entire collection within MetaMask or other wallets in a convenient gallery format.
In order to make sure that NFTs are handled properly, they are stored in several different databases. The first is an off-chain database that stores information about the NFT itself, such as its name and description, owner details and metadata like when it was created and how long ago it was sold. It also contains a pointer to the Ethereum blockchain where each NFT’s state is stored. This allows for quick lookups about which users own certain items by name or ID number.
The second place you’ll find your digital assets is in an “NFT indexer.” This process is what allows creators to associate special links with each NFT they create so you can see the artwork directly on their portfolio. It also allows collectors to view their entire collection within MetaMask or other wallets in a convenient gallery format (as opposed to just seeing a list of transactions).
Conclusion
It’s important to note that even though an NFT is stored off-chain, the tokens still exist on the Ethereum blockchain. This means they are 100% secure and can be traded freely through any Ethereum wallet with ease. As these tokens start to become more popular, we will likely see many more tools come out that allow people to interact with them in new ways such as buying/selling directly through mobile wallets like Trust Wallet or Coinbase Wallet (which supports ERC20).
