Data stored on a blockchain varies depending on the blockchain. The most popular blockchains – Bitcoin and Ethereum – store very little data. But other blockchains like Arweave, Filecoin, Storj, and Sia have been purpose-built for next-generation data storage.
Arweave remains the only permanent storage method to maintain NFT reliability and sustainability. Every NFT’s image and metadata is stored for at least 200 years when uploaded to the protocol.
Every day, businesses and people are creating and consuming more and more data. All the sudden, the photo and video albums on our mobile phones can scroll back a decade, while businesses like accounting firms have millions or billions of files they are obligated to save (and keep paying for), but will likely never view …
The best way to store data permanently is through blockchain technology, and, specifically, the Arweave network.
The price to store data on Arweave is dynamic but tends to fluctuate within a narrow range of $6.35 to $8.50 per GB. In reality, for most uploaded files, this price difference will only be a fraction of a cent.
The NFT craze has been heating up in the crypto world and OpenSea is at the center of it. But with all the attention around NFTs one of the biggest questions often remains unasked: Where is the NFT that I am buying or selling actually stored?