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Why nfts are bad?

Answers (1)

Arsalan Afzal
Feb 22, 2022 06:26:09

There are a few reasons why non-fungible tokens (NFTs) are bad. For one, they can be used for scams and fraud. Because each NFT is unique, it's easy for scammers to create fake tokens and dupe unsuspecting people into buying them. Secondly, NFTs can be used to control and track users' activities. Because the ownership of each token is traceable, companies or governments could use NFTs to keep track of people's movements and purchases. This could have serious implications for privacy and freedom of speech. Lastly, the proliferation of NFTs could lead to blockchain bloat, which would slow down the entire network. Each new NFT requires

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