Pros and Cons Of NFT's (Non Fungible Tokens)

LAW FINJURIS PROS AND CONS OF NFTS FINLAW WHERE LAW IS PASSION (NON-FUNGIBLE TOKENS) Your Legal & Financial Guide S0 10012008 certfed FINLAW ASSOCIATES UNIQUE UNREGULATED & UNSTABLE Like cryptocurrencies, the value of NFTS is determined entirely by Metadata is used to tell different assets apart. market demand and not regulated by an authority like a central bank, making it volatile. SCARCITY Copyright owners have the ability to limit availability. VERIFIABLE STILL NEW Blockchain technology can prove an individual's ownership. It is still an emerging technology and the public has yet to understand NFTS well enough for widespread adoption. NFT PROS CONS TRANSFERRABLE Can be freely traded securely COMPLEXED AUTHENTICITY Building decentralized applications for NFTS can be time-consuming and difficult. Fraud prevention through Blockchain