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  • NFT Security Risks

    The biggest security risk from buying NFTs comes from attempts by hackers to access your crypto wallet. The most common type of wallet for buying NFTs is a non-custodial browser wallet like MetaMask. Non-custodial wallets put you in complete control of your crypto assets – including NFTs – but require you to protect a fail-safe called…

  • NFT Legal Risks

    Though the concepts behind the blockchain can be tracked back several decades widespread use of blockchain-based applications has only taken off in the last few years.  The speed of adoption of new use cases, such as NFTs, has left regulators playing catch-up, exposing buyers to significant hazards, the most significant being plagiarism. Though a non-fungible…

  • What are NFT buying risks?

    Given that a significant number of people buying NFTs are motivated simply by speculation the biggest risk associated is the potential loss in value.  Risks from loss in value of NFTs There can be no better illustration of this risk than the sale of the first tweet by Jack Dorsey bought by Malaysia-based businessman, Sina…

  • What can you do with an NFT?

    Though much of the hype around NFTs has focused on creating art that reflects the ethos of the crypto scene, their applications extend far beyond creating cool profile pictures linked to a blockchain. Enjoy it as any other form of art – Many NFT owners use them as a display of wealth, flexing on Twitter…

  • What is an NFT?

    An NFT is a digital record, like a receipt, proving ownership of something (either physical or digital) such as a collectable item, like the pixelated drawing on a Punk Alien.  It is a record of when the item was created – or minted to use NFTs unique terminology – how much was paid for it,…

  • What are the Risks of buying NFTs?

    Non-Fungible Tokens, better known simply as NFTs, have quickly become one of the most popular applications of blockchain technology. Though there are a huge number of potential use-cases the focus has been on the speculative trading of NFTs as collectable art, inspired by eye-watering valuations of early collections. Opportunity is, unfortunately, always accompanied by opportunists,…

  • Understanding the risks of Defi

    We’ve already touched upon the importance of using tried and tested Defi protocols, whose code is less susceptible to vulnerabilities. Here are additional steps you can take to reduce the risk of suffering loss of funds, and to protect your crypto assets. Consider Insurance Just as you can take out travel insurance before going on…

  • How to interact with defi protocols

    Interacting with defi protocols requires a compatible web wallet such as MetaMask. After visiting the web app of the protocol in question, such as Yearn Finance, you will be prompted to connect your MetaMask wallet to the site by clicking the verification message that pops up. Thereafter, any time you wish to interact with the Defi…

  • Popular Defi protocols

    Decentralised finance has around a dozen well established protocols that can be regarded as the “big banks” of Defi. The difference, of course, is that you don’t have to custody your funds with these projects, as you would when depositing assets into a bank account: rather, a Smart Contract controls the whole process. Provided the…

  • Risk/Reward Trade-Off of DEFI

    While tradfi APYs have trended towards zero (some banks even now provide negative interest on savings), Defi offers double or even triple-digit percentage returns.  The attraction is obvious: who wouldn’t want to double their money in a year simply through locking it into a decentralised finance protocol and letting time take care of the rest?…

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