SOLANA’S COMPRESSED NFTS OPEN DOORS TO NEW DISTRIBUTION MODELS

Summary from the TLDR Crypto newsletter

Co-founders of the Solana-based NFT marketplace Tensor, Ilja Moisejevs and Richard Wu, have been promoting compressed NFTs as a cost-efficient method for digital asset creation. This new process considerably reduces the data needed to mint an NFT through "state compression", making these NFTs affordable and thus expanding the potential market. They believe one of the big unlocks of this innovation is that it allows more room for consumer apps to experiment and find novel use cases for NFTs.