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.
