logo logo

WWCrypto provides analysis of the crypto market. In addition to tracking updates in the industry. WWCrypto provides the community with real time information and major events.

WWCrypto

Digital Membership

Get unlimited insight reports trusted by experts around the globe. Become a Member Today!

View pricing plans

London, UK (HQ)

[email protected]
ADVERTISEMENT

Question

Why nfts are bad?


Answers (1)

avatar
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

Top Answer

Answer

You must be logged in to post a answer. Login