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RE: Is your NFT illegal?

in LeoFinance4 months ago

I can see the use case of NFTs and the value in the concept of them, especially in regards to art and a few other things. But right now with all the hype surrounding them and the shear quantity of how many are popping up all over the place, to me they really just feel like a new way to trick people out of their money lol. It reminds me of the craziness and hype back a few years ago when ICO were invented. Personally I am "for" regulating NFTs and cracking down on misuse. The last thing we need in the crypto and blockchain space is more tools that people can use to scam others. There is enough of that as it is. For the average person, its challenging to trust crypto when a significant portion of the tools out there are a scam or misleading.