News09 August 2022

Vitalik proposes stealth storage for NFT

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According to a statement made on August 8th by the well-known Vitalik Buterin, stealth addresses would be a perfect way to store NFT confidentially, at least with today's zk-SNARK tick alternatives or Merkle trees.

However, as Vitalik has pointed out, there will be problems with paying commissions. The solution to the problem is "sending enough ETH to pay the commission 5-50 times to send it on".

"If you get ERC721 without enough ETH, then you can add some ETH to keep the chain of transfers going." He tweeted that the low-tech solution adds privacy to the NFT world, and it's also a solution we may see soon in the ecosystem itself.

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