The SEC describes its motives to be the safeguarding of investors, while members of the blockchain community see their actions as sabotage. Read more to find out the history of this controversy and its implications on the general definition of security.
The peculiarity of the enormous bids surrounding NFTs brings forward several questions about these digital assets. Is there a reason why people are willing to spend thousands of dollars worth of funds for them? What is the technology behind NFTs that ensures their originality? And most importantly, what security risks should I be aware of before I set out to purchase one? Understanding the answers to these common questions is becoming more and more essential as NFTs continue to be a valuable part of the spaces we operate in.