Can $ZEC actually support NFTs on-chain or is this just another larp?

Zcash tech allows memo fields and shielded transactions, but no native NFT standard like ERC-721. You could technically embed metadata, but there's zero infrastructure—no marketplaces, no indexers, nothing.

So yeah, theoretically possible. Practically? Dead on arrival. No one's building NFT tooling for a privacy chain with 0.3% of $ETH's market cap.