"JPEGs” On Bitcoin Will Trigger Innovation: Blockstream CEO

Adam Back, CEO of Blockstream, discusses the futility of prohibiting non-fungible tokens (NFTs) on Bitcoin

Back states that complaints about "JPEGs" on Bitcoin won't stop their existence on the network

He also states that those attempting to halt them will worsen the entire situation

In fact, Back cites that the rising BTC transaction costs on the mainnet will trigger innovation and the adoption of layer-2 solutions like the Lightning Network

Regardless of the network congestion issues, Back sees the proliferation of "JPEGs" and BRC-20 tokens as a potential force for users to find workarounds.