A solution from Solana has been released in an effort to lower the price of on-chain storage for non-fungible tokens (NFT). On-chain storage, which can be an expensive operation, refers to the storage of data on the blockchain network. The new approach, known as "state compression," lowers the amount of on-chain storage needed to hold NFTs, which benefits both sellers and buyers by lowering costs and saving storage costs by up to 100 times.
Solana Provides State Compression To Reduce The Cost Of NFT Storage
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