What are compressed NFTs and minting cNFTs
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Dec 22 2024Understanding Compressed NFTs: Compressed NFTs (cNFTs) on the Solana blockchain utilize state compression technology to significantly reduce minting and storage costs, allowing for the mass production of tokens while maintaining utility through a hybrid onchain/offchain storage model.
Benefits and Use Cases: cNFTs are particularly advantageous for high-volume applications like gaming and social media, offering cost efficiency and scalability, while also promoting eco-friendly practices by minimizing energy usage associated with blockchain storage.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
