Conclusion  

The emergence of NFT marketplaces is changing the notion of online economy and transactions by providing a more secure, effective, and independent way for selling, purchasing, or minting NFTs. Key benefits of NFT marketplaces are linked to a higher degree of security and transparency due to the fact that they are built on blockchain technology. The use of smart contracts makes it hard to commit scams. Other significant advantages of such marketplaces are linked to reduced fees compared to traditional marketplaces on the internet, a higher degree of liquidity, increased independence, and decentralization. 

Even though blockchain technology increases security, there isn’t a magical level of security. Therefore, NFT marketplaces are vulnerable as well. As technology advances, criminal activities and attacks only become more complex and delicate. Other possible risks regarding purchasing, selling, or minting NFTs are mainly connected to financial risks such as NFTs still being a volatile asset and not quite recognized by legal systems worldwide or not being regulated enough to decrease investment risks. Even though the NFT market experienced a huge boom, it is still in its infancy. However, a lot of circumstances and expert opinions are pointing away from a possible NFT market collapse scenario taking into account the market growth and the fact that advantages clearly outweigh the risks.