Plain meaning
Start with the shortest useful explanation before going deeper.
A peer-to-peer hypermedia protocol that addresses content by cryptographic hash (CID) rather than location, so the same content always resolves to the same CID regardless of which node serves it. In Solana NFT contexts, IPFS is used as an alternative to Arweave for storing off-chain metadata and media, commonly accessed via pinning services like Pinata or NFT.Storage; however, content availability depends on active pinning, making it less permanent than Arweave's endowment model without a dedicated pinning arrangement.