Many Uncertainties Still Exist Regarding the Regulation of NFT

Abstract : While NFT became popular, it also attracted a large number of speculators who came for sudden wealth.

ChainDD
ChainDD

Apr 22

Today, the Economic Daily published an article "Sales of NFT in Q1 Break $2 billion -- Why it Became so Famous?".

The article said that a series of recent "sky-high trading" incidents had pushed NFT into the public domain. However, while NFT became popular, it also attracted a large number of speculators who came for sudden wealth, making its transactions filled with a strong sense of speculation.

The bigger problem, meanwhile, may also be regulatory. At present, most countries do not give legal status to virtual assets including NFT, and there are still many uncertainties in future supervision. Once there is a global regulatory tightening, NFT will undoubtedly be hit hard.

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