Yes, this will be possible!!
Check the source, there is also the Luminex theard about your doubt, how they got the "90%".
https://azcoinnews.com/luminex-introduces-brc69-a-revolutionary-standard-slashing-bitcoin-ordinals-collection-costs-by-over-90.html
It's exactly what I thought, they're eliminating the entire image file uploaded to the Blockchain 🤣.
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