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The 3 Biggest Problems With the NFT Marketplace Today

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A non-fungible token (NFT) is a piece of data that is stored on a blockchain and authenticates a digital asset like a song, a piece of art, or even a tweet. Some NFTs have already fetched millions of dollars in the marketplace.

But this new style of commerce is still largely unregulated. In this video clip from “The Virtual Opportunities Show,” recorded on Feb. 15, Motley Fool contributors Rachel Warren, Demitri Kalogeropoulos, and Jose Najarro discuss three issues with the NFT marketplace right now, and what other questions they raise for people interested in participating in the space.

 

Rachel Warren: You guys know I’m completely utterly fascinated now with this aspect of the whole move to the digitization of the universe, the metaverse as we call it. I’m the first person to say I think there are a lot of opportunities with NFTs. I love the stories we’ve been seeing coming out, ordinary people changing their lives by maybe turning just a picture of something special or using their unique artistic skills to make an NFT and actually…

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