⚖️1) NFT Service Issues

NFT(Non-Fungible Token) services enable the ownership and trade of digital assets but also come with multiple challenges. These issues arise from legal, technical, economic, and social perspectives and may hinder the spread and development of NFT services.

1] Legal and Regulatory Issues

- Ownership and Copyright

- Tax Issues

2] Technical Issues

- Scalability Issues

- Security Issues

- Data Persistence

3] Economic Issues

- Price Volatility and Market Bubble

- Liquidity Issues

4] Environmental Issues

- Energy Consumption

- Need for Sustainable Technologies

5] Social Issues

- Lack of Public Understanding

• Limited Understanding of NFTs:Many people do not fully understand NFTs or their value. Due to the technical complexity, beginners find it difficult to access this market, leading to information asymmetry.

• Fraud and Deceptive Marketing:Fraudulent projects and deceptive marketing practices are increasingly prevalent in the NFT market, causing significant losses for investors. This erodes trust in the NFT market and negatively impacts the entire ecosystem.

- Social Inequality

• Access Limited to Wealthy and Technically Proficient Individuals:Critics argue that the NFT market primarily caters to the wealthy and those with high technical literacy regarding digital assets. Many people are unable to participate due to technological barriers, costs, and lack of information.

NFT services are an innovative technology with immense potential. However, if legal, technical, economic, environmental, and social issues remain unresolved, their growth may be limited. Key obstacles in the NFT ecosystem include uncertainties in ownership and regulation, blockchain scalability and security issues, price volatility and speculation, and energy consumption. Legal, technical, and social efforts are needed to address these issues and enable future growth.