The world of NFTs: the technology that transforms industries such as art and video games, but with risks

2:01 AM by

One of the most outstanding technologies of the year are the NFTs or non-fungible tokens

They are digital goods that, due to their own individuality, cannot be exchanged. They are based on cryptography within the blockchain or chain of blocks precisely, in the Ethereum network.

This technology ensures that no other tokens are the same. They serve as certificates of authenticity and ownership, for example, of a work of crypto art, a song, a photo or video, or a tweet (like the one sold by the brand new ex-CEO of Twitter, Jack Dorsey). And they can serve as fan tokens.

These types of unique identifiers allow fans of musicians or football clubs, for example, to be close to their idols, not only through digital collectibles but also through exclusive experiences that are included with access to an NFT (such as sweepstakes, meet and greet or participation in voting of a club, to make institutional decisions).


The NFT bubble grew. Is it no longer a bubble? Although they do not represent a new technology, but have existed since 2012, in 2021 it has grown exponentially in areas such as (crypto) art, sports-related collectibles or the video game segment.

https://www.patreon.com/hitomitanaka

But the enormous visibility and rage of this disruptive technology also brings difficulties. In recent months, the offer of crypto wallets and the traffic in the NFTs marketplaces have grown. This condition has made NFTs one of the main targets of cybercriminals.

https://hunch.lighthouseapp.com/projects/66522/tickets/3336-weird-problem-with-download-speed#ticket-3336-1

Indeed, new “trendy” technologies such as non-fungible tokens will be the target of digital hoaxes in 2022 . As the market grows and the sale volume of these items goes from more than USD 15,289 million in early 2020 to more than USD 2,021 trillion in 2021, cybercriminals are beginning to take an interest in them.

OpenSea, the white

Last month OpenSea, one of the largest platforms or marketplaces for buying, selling and auctioning crypto art in the world, has had to fix vulnerabilities that could have allowed hackers to steal a person's crypto after sending them an NFT created for purposes malicious. The problem was discovered by Check Point Research. The company found tweets from people claiming to have been hacked after receiving NFTs.

https://www.ausu.org/forums/users/hitomitanaka/

Some time later, ESET's laboratory detected another OpenSea campaign that took advantage of distracted users. Using the phishing technique (identity theft), hackers created a fake site on the well-known cryptocurrency marketplace.

0 comments:

Post a Comment