all InfoSec news
Demystifying NFT Promotion and Phishing Scams. (arXiv:2301.09806v1 [cs.CR])
cs.CR updates on arXiv.org arxiv.org
The popularity and hype around purchasing digital assets such as art, video,
and music in the form of Non-fungible tokens (NFTs) has rapidly made them a
lucrative investment opportunity, with NFT-based sales surpassing $25B in 2021
alone. However, the volatility and scarcity of NFTs, combined with the general
lack of familiarity with the technical aspects of this ecosystem, encourage the
spread of several scams. The success of an NFT is majorly impacted by its
online virality. There have been sparse …
art assets digital digital assets ecosystem general hype investment music nft nfts non non-fungible tokens opportunity phishing phishing scams sales scams scarcity technical tokens video volatility