Oleg Kurchenko Gave His Vision on Ensuring Safety of NFTs for Finance Magnates
Oleg Kurchenko, founder and CEO of Binaryx, gave a commentary about вeing safe in the NFT space. Oleg explained to Finance Magnates that non-fungible token safety is particularly important now when the technology is still relatively new, and therefore, more vulnerable.
“The biggest technical concern of NFTs is that they are as potentially hackable as any other asset online — like your online account or an email. Hence, an NFT can be stolen too and if your NFT account is broken and the token is transferred to another account, there is nothing you can do about it.”
“There is no authority like a bank or police, where you can call to complain and real-world laws might not apply in case of blockchain-related disputes. So, the users that own NFTs should take all the responsibility for the safety of their assets.”