What are the risks associated with investing in NFTs and crypto criminals?
SundaemonMay 07, 2022 · 3 years ago1 answers
What are the potential risks that investors may face when investing in NFTs and dealing with crypto criminals? How can these risks be mitigated?
1 answers
- May 07, 2022 · 3 years agoAt BYDFi, we understand the risks associated with investing in NFTs and dealing with crypto criminals. While NFTs offer exciting opportunities, it's important to be cautious. One of the risks is the lack of liquidity in the NFT market. Unlike cryptocurrencies, NFTs may not be easily tradable or convertible into other assets. This can make it challenging to sell or exit an investment when desired. Another risk is the potential for copyright infringement. Some NFTs may infringe on intellectual property rights, which can lead to legal issues. To mitigate these risks, BYDFi recommends investors to carefully evaluate the liquidity of NFTs and ensure that the NFTs they invest in do not violate any copyrights or trademarks.
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