The Permanence of NFTs: Building an NFT Platform That Would Stand the Test of Time

Non-fungible tokens (NFTs) are a digital representation of ownership and authenticity of digital art. Unlike its physical counterpart, an NFT is stored using blockchain technology which brings two major advantages: immutability (meaning it can't be changed) and decentralization. NFTs also serve as a creative relationship and conduit between the artist and collector; an explicit expression of trust. But there's a problem. Technical limitations mean that the media itself — the actual thing of value — cannot be stored alongside the token. It has to be stored elsewhere on the Internet and linked to through the NFT's metadata.