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Opensea phishing scandal reveals a security need across the NFT landscape -Breaking


Nonfungible token (NFT), even with the continued volatility in the digital assets sector, is one market that continues to prosper. In recent months, a number of prominent players, including Coca-Cola (NYSE), Adidas (OTC), New York Stock Exchange, NYSE, and McDonalds have been able to make their way into the Metaverse’s growing ecosystem.

Global NFT sales are expected to increase substantially by 2021, according to a report from NFT International. SprucedAnalysts estimate that this trend will last into the future, with a value of $40 billion. Jefferies, an American investment bank, recently highlighted this trend. raised its market-cap forecast for the NFT sector to over $35 billion for 2022 and to over $80 billion for 2025 — a projection that was also echoed by JP Morgan.

The matter is worth investigating

NFT Marketplaces must improve their security.

How can we make it happen?