A stormy year awaits NFT
Contrary to many expectations of a boom year, 2022 could present many challenges for the NFT.
The next problem is copyright. The WSJ assesses that, in essence, NFT technology was born to confirm the unique ownership of a certain asset, but many people take advantage of this technology to profit. Many artists' works have been stolen, tagged with NFT codes and sold for profit. The problem of theft caused many artists to resent and hate NFT, making the technology ugly. When a technology causes a lot of legal controversy, it will have a hard time becoming more popular.
According to SCMP, the third challenge is that the NFT is at risk of becoming a money laundering tool for criminals because the legal regulation of NFT is still in the gray area. But if the authorities discover a relevant case, NFT assets could be banned and NFT traders could be targeted for investigation. In December 2021, Gou Wenjun, Director of the Anti-Money Laundering Monitoring and Analysis Center of the Central Bank of China, advised: "The possession of digital assets such as cryptocurrencies, NFTs and virtual items in the metaverse are constantly changing. They are separate from the real world, have the ability to operate to some extent, making virtual assets very easy to become money laundering tools." According to him, virtual assets are decentralized, anonymous and borderless, so they can be widely used in illegal transactions such as extortion, drug trafficking, gambling, money laundering, tax evasion and money transfer. cross-border money.
Finally, there is the issue of security. Experts at Kaspersky warn that in 2022, digital asset owners will face a wave of large-scale attacks targeting NFTs. Notably, Southeast Asian countries have the highest NFT ownership rates in the world, such as the Philippines (32%), Thailand (26.2%), Malaysia (23.9%), Vietnam (17, 4%) and Singapore (6.8%). According to security experts, many NFT asset theft cases will happen in the coming time. This is a completely new field, so there will be a shortage of highly skilled investigators, leading to an initial increase in attacks on NFTs.