Elon Musk Critiques Some NFTs for Not Storing Art On-Chain, Highlighting Benefits of Bitcoin's Ordinals Protocol

Elon Musk criticized NFTs in a recent podcast, saying the artwork isn't stored on the blockchain.

Musk is right that some NFTs just store a URL link, putting them at risk if the site goes down.

However, some NFTs do store artwork on-chain, like CryptoPunks and Art Blocks. The NFT itself is just proof of ownership.

Bitcoin's Ordinals protocol stores artwork directly on the blockchain, making it immutable.

Ordinals supporters seized on Musk's comments as a case for Bitcoin NFTs over Ethereum NFTs.