Challenges related to NFTs

NFT is a rapidly growing area through the development of blockchain technology and metanomics of various business models, and challenges, which we can see as growing pains, are emerging in various areas such as operation, technology, law, ethics, and security.

There are cases where ownership and copyright are separated. Anyone can issue and trade NFTs without permission Files are stored off-chain externally, exposed to the risks of loss and hacking Will the platform and project continue to be popular? When the value goes down, there is really nothing left. May be potentially used as a means of illegal capital movement Difficult to use, slow processing speed, and the systems is still immature Influence of fans, as witnessed in the example of BTS’ ARMY fans boycotting entering the NFT market Digital alienation

NFTNARA will continue to deal with the above challenges through technology and operation, token economy, business model, and education.