The long awaited discussion regarding how NFT metadata is stored has finally been thrust into the spotlight by what is commonly described in DeFi circles as a rug pull.
Recently, digital artist Neitherconfirm listed 26 NFTs for sale on the OpenSea marketplace.
The artist then changed the images associated with each of the NFT tokens he sold - from computer generated portraits into photos of
literal rugs.
This is why Phantasma Smart NFT metadata is stored on-chain - away from and inaccessible to malicious actors.
Once it's minted it's final - once it's yours nobody can touch it.
Read the full story on this hot button issue here:
https://medium.com/phantasticphantasma/phantasma-decentralized-smart-nfts-63611de8ee84
