Compressed NFTs Twitter Thread
Compressed NFTs Twitter Thread Greetings, NFT enthusiasts and crypto curious folks! Today, we’re going to talk about a new development in the NFT world that’s got people buzzing: Metaplex’s Compressed NFTs. Don’t worry if you’re new to the world of NFTs and crypto, we’ll explain it all in a way that even a 10-year-old can understand (although if you are 10 years old and already into crypto, hats off to you). First, let’s start with some background. So, what is Metaplex? Metaplex is a decentralized protocol built on the Solana blockchain that allows creators to build and manage their own NFT storefronts. Think of it like an NFT-specific Shopify, but without the centralized control. This means that creators can set their own rules, create their own custom NFTs, and maintain complete ownership and control over their creations. Now, onto Compressed NFTs. These are a new type of NFT that Metaplex has developed to address a key challenge in the NFT world: file size. Traditional NF...