I have read up on some crypto new outlets on some headlines on why NFT is dangerous which is comparable to ICO's.We cant really deny that it did really make out some significant hype on this market.
In talks about its usage then it isnt really that much better if you do ask me.It all talks about some arts or other possible things to be attached with it..Yeah, it did really make out some spark of interest
but doesnt mean that it would last forever but im not saying that it isnt really beneficial for someone because this is actually some people do make some unexpected profits whom they didnt
believe that it did really cost that much.
I wouldn't say it is equally dangerous as ICO's because they are different type of deals. I do not mean that NFT's are not dangerous neither, I just mean that they are different. ICO's were invested because people believed that some tokens could be worth something but it depended on the project to keep going strong as well.
So, let's assume that you invested into a brand new token and then the project creators went AWOL and they did not improved the project at all, or stole the sale profits and run away with it, then you would be certain that people would be losing money because of it. However with NFT, the creator just creates and sells it, afterwards all depends on the community and you do not need to have it keep going forever, if cryptopunks creator already gave away all 10k and has no ownership anymore, then what could he do to make it go down? Nothing. This is the difference.