Algorand NFTs Overview
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Seems like the ARC69 format is way more popular. This is because ARC69 data lives on the ALGO blockchain. ARC3 data lives in IPFS or some other server.
ARC69 works well for simple art NFTs. ARC3 is more useful when you need to store a lot of metadata. Think video or longer formats.
ARC69 is currently supported by the top NFT marketplaces
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