What Are The NFTs Facts and Red Flags You Need To Know

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WHAT ARE THE NFTs FACTS

Despite the fact that they’ve been around since 2014, popular as a way to buy and sell digital art. A total of $174 million has been spent since November 2017. [{ "selector": ".pvxfi-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateY(100%)", "opacity": 1}, {"offset": 1, "transform": "translateY(460)", "opacity": 1} ] }, { "selector": ".wuogt-a", "duration": "500ms", "fill": "forwards", "delay": "750ms", "keyframes": [ {"offset": 0, "transform": "translateY(100%)", "opacity": 1}, {"offset": 1, "transform": "translateY(365px)", "opacity": 1} ] }, { "selector": ".nipdf-a", "duration": "500ms", "fill": "forwards", "delay": "1500ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": 1} ] }, { "selector": ".buxrw-a", "duration": "500ms", "fill": "forwards", "delay": "1000ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": 1} ] }]

Ethereum is the most important blockchain that supports NFTs.

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NFTs help artists connect with potential customers.

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‘NFT’ is currently more popular than ‘crypto,’ according to Google Trends.

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Cryptopunks and Cryptokitties were the first mainstream NFT projects.

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NFTs RED FLAGS

The term “rugged” or “rug” comes from the phrase “having the rug pulled out from under you,” which is another way of saying “being scammed.” [{ "selector": ".okbnn-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateY(100%)", "opacity": 1}, {"offset": 1, "transform": "translateY(251)", "opacity": 1} ] }, { "selector": ".kdind-a", "duration": "500ms", "fill": "forwards", "delay": "1500ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": 1} ] }, { "selector": ".owvnx-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateY(-32.04em)", "opacity": 1}, {"offset": 1, "transform": "translateY(30)", "opacity": 1} ] }, { "selector": ".arujk-a", "duration": "500ms", "fill": "forwards", "delay": "1000ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": 1} ] }, { "selector": ".jvvfk-a", "duration": "500ms", "fill": "forwards", "delay": "1500ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": 1} ] }]

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