Are NFTs secure?

Photo by DrawKit Illustrations on UnsplashNFTs have been a hype for the past year. Not gonna lie, I don’t really understand why. I know what they are and how they work, but I don’t get why everyone is so excited about them. When I first heard about NFTs, my first thought was: “Are they secure?”. The answer is always the same “Nothing is 100% secure”. So in this post, we will discuss the security issues around NFTs.NFT stands for Non-Fungible Token. By definition, these tokens cannot be replaced; each is unique. For the most part, they are part of the Ethereum blockchain. The token is a certificate of ownership. You can get an NFT of your favorite painting (if you have the money for it), or a token representing a football player, a meme, anything you can think of, even an emoji. What’s the kick? You’re the only one who owns it, no one else can claim it. But if you bought a meme, everyone else has access to it and can use it. Same goes for clips of youtube videos. Worse, what if the artist decides to sell multiple digital copies of their artwork. Your investment which was worth X amount could lose its monetary value. Something I found mindblowing is Hacker Fantastic, who put up a denial of service zero-day exploit NFT for sale. You read that right, you can own an exploit (see the tweet below)! However, nothing stops others from finding this vulnerability and exploiting it.Are these tokens secure, or can you still get scammed? As always, attackers are super creative and opportunistic. So yeah, you can get scammed. Does it mean you should not invest? That’s not what I’m saying. Buying NFTs is an investment like any other, so do your research before jumping in…