Non-Fungible Tokens (NFT) are booming. An NFT is a digital content that is linked directly into the blockchain. NFTs may be images, videos and even audio. Non-fungible means they cannot be exchanged or replaced by an identical NFT. Each NFT is unique on its own.
What started as very bored apes has evolved. According to Chainanlysis Inc., what began as a $100 million market in 2020 has reached $40 billion in 2021.
Jeffries estimate NFTs’ markets to exceed $80 billion by 2025. Virtual real estate was a contributing factor to the NFTs markets.
Let’s explore the NFTs’ flow in in 2021. According to Chainanalysis, the retail market held the largest volume in 2021.
While pixel art NFT and various NFT projects remain popular, what types of NFTs will survive in 10 years from today? What are the expected trends for NFTs in 2022?
NFT artists such as Beeple and Pak earned their reputation in the NFT world. Their collections were sold for millions of dollars to NFT art collectors. The MetaMask Token Scam
Naturally, highly valued items attract cybercriminals. In the crypto universe honeypots are already being spread to lure in the blinded from the dusty blockchain roads.
A great example of a honeypot was a MetaMask token (dubbed $Mask). In December, the scammer was able to inject malicious code into DEXTools app front end of the Uniswap WETH/MASK.The pair appeared as a verified token and lured in investors as the token made headlines in twitter. The smart contract was set to block selling once liquidity reaches $1 million. The hacker was able to withdraw hundreds of ETH from Uniswap to Tornado Cash. Tornado cash is a popular coin mixer. NFTs Security In the NFTs world scammers use various techniques. Wash trading is a way of where the original owner inflates the price by purchasing […]
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