> For the complete documentation index, see [llms.txt](https://tinyspl.gitbook.io/litepaper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://tinyspl.gitbook.io/litepaper/tinyspl-overview.md).

# TinySPL Overview

TinySPL, founded by Solana developers @sol\_idity and @sol\_ranger, is an innovative protocol built on Solana. 

Initially conceived to tackle a pressing challenge in web3 —the **high cost of rent on blockchains** like Solana — TinySPL addresses the financial barriers that make ownership, particularly of NFTs, prohibitively expensive. These costs can deter participation and stifle growth, ultimately hindering innovation and accessibility.

TinySPL developed an innovative new standard that leverages **advanced state compression** to drastically reduce blockchain data storage costs and enable proof of ownership without incurring rent fees. This innovation not only makes participation more feasible but also empowers developers to create more dynamic applications.

With TinySPL, our vision has always been clear: to establish a leading token-NFT standard on Solana while championing a broader initiative for generalized account compression. Our goal is to make Solana a more affordable, inclusive, and interconnected blockchain for everyone. As TinySPL evolves, we remain committed to expanding our technology's capabilities and pushing the boundaries of what is possible within the ecosystem.