There are moments we'll all remember in life:

• Finding out Santa wasn't real

• Discovering Criss Angel isn't as much a 'mind freak,' as he is a man in the midst of a crippling mid-life crisis.

• Learning that NFTs don't actually contain .jpegs

A lot of folks have recently learned that last one the hard way, after the NFTs they minted on FTX are now showing a blank image:

This is because NFTs don't actually contain the image files themselves, but links to image files.

(The more data that is transmitted/stored on the blockchain, the more it costs, so these links are a way around that).

Typically, the .jpegs are stored/linked to centralized Web2 hosting services (like Google Drive or Dropbox).

So if that drive is deleted in the midst of, say, a bankruptcy filing - so are the links...which results in blank NFTs.

Rough!