Storage of the assets is an easily overlooked aspect of NFTs but one that is fundamental to their value
Problems with Immutability
What does that even mean? Well in short Immutability means unchangeability. In computer science, an immutable object is an object whose state cannot be altered after its creation.
Launching our smart contract on Etherium using an ERC-721 standard gives our application exactly that. Although this is a great start in ensuring the security of a contract aka an application, this does does not in many cases extend to the data storage.
Think of people bidding millions of dollars on a digital art peace, you can see why this would be terrible if the assets were lost due to closure or other dubious reasons.
With no reliable backup, an NFT would essentially be rendered worthless. That is why the metadata, Image URL, and image file should also be backed by an immutable and permanent storage provider.
A quick look in to the workings of decentralised storage protocols shows us that although IPFS is sufficiently decentralised, the nodes (computers) that store your data are economically incentivised to keep it available to public.
In other words, if the artist decides to run off and stop paying for hosting of this data, you face the risk of loosing your artwork.
To prevent this, we have decided to utilise Arweave protocol which allows for permanent storage without the need of ongoing payments. Moving to Arweave does not only ensure the immortality but also guarantees the immutability of our collection. In doing so we are giving you the security a true art collector deserves.