IPFS, Filecoin and the Long-Term Risks of Storing NFTs

IPFS, Filecoin and the Long-Term Risks of Storing NFTs
As NFTs continue their march into the mainstream, it’s important to know how these supposedly permanent digital assets stay that way – or not. IPFS (or the InterPlanetary File System) is a protocol that many NFTs (or non-fungible tokens) point to as their underlying asset. It’s part of the backbone of this new digital economy.NFTs are sold on the idea that a blockchain token that corresponds to another digital file – be they MP3s audio files, JPEGs of digital art or PDFs of mortgage certificates – can have monetary value if it is provably unique. But that non-fungible token, which…