of financial contexts. How do sat inscriptions compare to… ----------------------------------- ### Ethereum NFTs? *Inscriptions are always immutable.* There is simply no way to for the creator of an inscription, or the owner of an inscription, to modify it after it has been created. Ethereum NFTs *can* be immutable, but many are not, and can be changed or deleted by the NFT contract owner. In order to make sure that a particular Ethereum NFT is immutable, the contract code must be audited, which requires detailed knowledge of the EVM and Solidity semantics. It is very hard for a non-technical user to determine whether or not a given Ethereum NFT is mutable or immutable, and Ethereum NFT platforms make no effort to distinguish whether an NFT is mutable or immutable, and whether the contract source code is available and has been audited. *Inscription content is always on-chain.* There is no way for an inscription to refer to off-chain content. This makes inscriptions more durable, because content cannot be lost, and scarcer, because