Are NFTs a scam?

Read full article at The Capital.

NFTs have always been ridiculed and termed as Ponzi schemes. Here are multiple use cases of NFTs that can be revolutionary. With use cases for NFTs expanding rapidly, here are some reasons why this class of digital assets is heralding a new era of the Web.


Using NFT avatars, you can choose to reveal certain attributes of your identity in the digital realm across various metaverses


In-game NFTs allow players to earn income while playing, and can range from characters, special abilities to other tradable objects in games.


The real-world utility of NFTs is also on the rise, from exclusive access to in-person events and services.


With specific NFTs, you can gain access to exclusive clubs or communities of like-minded individuals with shared values and assets.


NFT ticket holders can receive additional perks and a more immersive fan experience, such as meet-and-greets, exclusive merchandise, and more.


NFTs enable verification of the authenticity and ownership of collectibles, potentially improving the way we store and collect things of value.


NFTs allow proof of ownership, freedom of issuance and immutability, which have revolutionized the way we create, collect, and own art.

Check out our new platform 👉

Are NFTs a scam? was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.

This article is strictly for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. does not provide investment, tax, legal, business or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any loss or damage caused or alleged to be caused by, or in connection with, the use of or reliance on any content, goods, services or opinions mentioned in this article.

#Bitcoin #Crypto #Cryptocurrency