Risk Present in NFT 😱 ?? Should You Invest in NFT or Not

What is NFT?

NFT stands for “non-fungible token.” At a basic level, an NFT is a digital asset that links ownership to unique physical or digital items, such as works of art, real estate, music, or videos.

Risk Present in NFT:
-Price and liquidity of blockchain assets, including the NFTs, are extremely volatile and may be subject to fluctuations;

-Fluctuations in the price of other digital assets could materially and adversely affect the NFTs;

-Legislative and regulatory changes or actions may adversely affect the use, transfer, and value of the NFTs;

-NFTs are not legal tender and are not backed by any government;
Transactions involving NFTs may be irreversible, and losses due to fraudulent or accidental transactions may not be recoverable;

-The value of NFTs may be derived from the continued willingness of market participants to exchange fiat currency or digital assets for NFTs, and therefore the value of NFTs is subject to the potential for permanent or total loss of value should the market for NFTs disappear;

-NFTs are subject to the risk of fraud, counterfeiting, cyber attacks and other technological difficulties which may prevent access to or use of your NFTs.

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