Security and privacy are among the top issues expected to arise in the metaverse. Some have even gone so far as to say that the metaverse is capitalizing on users’ desire to escape from reality.
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.