The Mordinals protocol has brought nonfungible tokens (NFTs) to the Monero blockchain, allowing users to attach data to transactions. However, there are concerns about the potential impact on privacy and decentralization, as well as the possibility of illegal content being stored and sold. Some suggest that these risks can be mitigated through updates and limiting the size of the tx_extra field. While NFTs have the potential to protect financial data and in-game assets, the use of Mordinals may require careful consideration to balance privacy and security concerns.