NFTs a minefield of scams warns cybersecurity expert
Editor, SMEE, SMEE - February 28, 2022
New Zealanders are being urged to avoid getting sucked into the current mania around non-fungible tokens (NFTs) because scams are as common as promises of profit.
Host of Radio New Zealand's Tech Tuesday and author of the book 'She'll Be Right (Not!) – a cybersecurity guide for Kiwi business owners – Daniel Watson says the completely unregulated NFT market is effectively one giant Ponzi scheme.
"There's massive hype, much of it fuelled by paid advertising and social media campaigns pai...