What is the risk of NFTs?

Asked 2 years ago
Viewed 423 times

0

What is the risk of NFTs?


1 Answer


0

NFTs fall into the category of high-risk, high-reward investments. Scarcity and desirability drive the NFT market, which explains why people are so obsessed with them.
However, pundits warn potential investors against putting their financial security in NFTs because of the inconceivable prices at which they are being marketed. NFTs, like Initial Coin Offerings, have a significant potential of being scammed. When investing, you must also keep in mind that you do not control the content of the NFTs.


answered 2 years ago by Hitesh Vohra

Your Answer