Identifying Security Risks in NFT Platforms

Understand

This paper examines the effects of inherent risks in the emerging technology of non-fungible tokens and proposes an actionable set of solutions for stakeholders in this ecosystem and observers.

• Web3 and NFTs are a fast-growing 300 billion dollar economy with some clear, highly publicized harms that came to light recently.
• We set out to explore the risks to understand their nature and scope, and if we could find ways to mitigate them.
• In due course of investigation, we recap the background of the evolution of the web from a client-server model to the rise of Web2.0 tech giants in the early 2000s.