Screenshot of this cool project of me and other Fellows NFT on both mainnet and devnet.
|
|
|
Compressed NFTs (cNFTs) on Solana offer a groundbreaking approach to minting and managing NFTs at scale. By utilizing off-chain storage and on-chain proofs via Merkle trees, cNFTs significantly reduce the cost and increase the scalability of NFT projects. This makes them ideal for high-volume applications, such as gaming, digital collectibles, and more.
Compressed NFTs leverage a combination of on-chain and off-chain infrastructure to provide an efficient way to handle large-scale NFT collections.
A Merkle tree is a cryptographic data structure that enables efficient and secure verification of large datasets, including NFT collections. Compressed NFTs use a Merkle tree to store compressed proofs directly on-chain, while the majority of the data is stored off-chain. This allows for secure and compact representation of many NFTs without overwhelming the blockchain.
You can create a Merkle tree using the createTree() function from Metaplex Bubblegum, which serves as the backbone for storing and verifying the NFTs.
An NFT Collection is a structured group of related NFTs, all sharing the same metadata and ownership characteristics. This is created using the createNft() function from Metaplex, which sets up the necessary metadata and ownership details for the collection. Organizing NFTs into collections helps manage them efficiently, especially in large-scale projects.
Minting is the process of adding new NFTs to an existing collection. With compressed NFTs, minting is handled using the mintToCollectionV1() function from Metaplex Bubblegum. By using the Merkle tree structure, multiple NFTs can be minted in a highly compressed format, drastically reducing both the time and cost associated with traditional NFT minting.
- Cost Efficiency: Compressed NFTs minimize on-chain storage, resulting in significantly lower transaction costs.
- Scalability: The use of Merkle trees allows for the efficient minting and management of large-scale NFT collections, making it ideal for high-volume applications.
- Security: While most of the data is stored off-chain, on-chain Merkle proofs ensure the security and integrity of the NFTs.
- Versatility: cNFTs are perfect for various use cases, including gaming assets, digital art, collectibles, and more.