Are your NFTs Secure — Things to Know about NFT Security
“Data is the pollution problem of the information age, and protecting privacy is the environmental challenge”. It is probably one of the reasons why there’s an increase in crime and scam rates with tech-savvy businesses. NFT Trade is no exception. If you are a part of the crypto and NFT community, then you already know about the NFT scams that have been on the air for quite some time. Are your NFTs secure?
The world’s most-loved social networking platform Facebook has begun to work towards Metaverse, which is expected to provide extensive support for SMBs. The brand claims a whopping 10 million user base for its personalized ad tools , of which the majority are SMBs. As you know, NFTs are prominently finding their showcase in metaverses and being used for multiple purposes like marketing & promotion, entry ticket, gallery display, etc.
On the other hand, these NFTs are exposed to a lot of threats and scams which can affect their usage and scope. You may wonder how?
Imagine a scenario where an overpriced NFT is displayed for sale. Nobody wants to buy that. But how would you know the real price of the asset? Will securing your NFT solve this? Read on to know more about the importance of NFTs and the scope of securing them.
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Originally published at https://bitscrunch.com on August 8, 2022.