How protect ourselves when investing on NFT on Wondoria

NFTs, or non-fungible tokens, are one of the newest steps in technology for gaining income. NFTs are so profitable for people who are good at art or are collectors to acquire and sell them. Also, NFT can bring you great income, but you need to gain proper knowledge about it so that you don't face challenges or abuse. Therefore, the issue of security in NFT is one of the most important issues that you should be aware of before entering this field.

What is a NFT?

Before examining the risks of NFT, it is better to first take a brief look at the definition of NFT. NFTs are stored in cryptocurrency wallets and traded using blockchain technology. As a result, NFT investors are exposed to the same online threats as anyone using cryptocurrencies. Indeed, NFTs (Non-Fungible Tokens) are unique cryptographic tokens that exist on a blockchain and cannot be duplicated.

NFTs can represent digital or real-world items such as artwork and real estate, and "tokenization" of these tangible real-world assets makes buying, selling, and trading them more efficient, while reducing the likelihood of fraud.

One of the most obvious advantages of NFTs is market efficiency. Tokenizing an asset can simplify sales processes and eliminate middlemen. NFTs that feature digital or Chinese art on a block can require agents to remove them and allow sellers to communicate directly with their target audience. host securely.

How to protect ourselves when investing in NFT on Wondoria

Feeling safe can be extremely important while buying NFT on Wondoria, and in this article, we are going to discuss how we can protect users and share some essential tips to remember before bidding or buying.

How we handle user safety

Anyone may access Wondoria. Without the consent of any central authority, an NFT can be made and sold by anybody in the world.

we are using seaport which is provided by Opensea.

Like other industries, we may overcome some challenges if we are to fulfill our goals of revolutionizing online media exchange. Indeed, we should ensure that users fully grasp the dangers they are taking on, which is crucial for a larger environment.

Important elements and procedures

Mentoring the platform: Our safety team keeps a close eye on the platform and will take action as soon as they can in order to omit any harmful content, that heavily influences the platform’s growth.  Also, we are aiming to incorporate strong automated solutions.

Reporting: report tools on this platform can make users highly protected from any improper and plagiarized content.

Caution throughout the checkout process: this platform has added a fundamental step to ensure that the Wondoria platform will maintain its rights and delete harmful contents. Indeed, two checkboxes requesting your agreement to Wondoria's Terms of Service and your acknowledgement that Wondoria has not reviewed the item you are buying will be shown to you. We've also included a page with important information, such as the quantity of prior sales and the date of the collection.

Researching for yourself

Social media: for purchasing a NFT, first click the collection and check the social media profiles. It's harmless to send them a direct message to find out more about them as creators and confirm that they are the ones who made the collection if they haven't provided the link.

Chain information: Verifying the smart contract information may help you ensure that you are purchasing the right NFT. You should make sure the token ID and smart contract match what you see on the NFT page's Chain Info section by getting in touch with the inventor to get further details.

Mintable warning icon: You should always proceed with care, as the assets have not been thoroughly examined. As seen below, the mintable warning icon is a white circle with an exclamation point in the center.

Verified collections: several collections include blue verification ticks, which have been added to collections with a lot of attention since we believe there is a greater likelihood of fakes being made elsewhere on the market.

If you have any criticisms or suggestions to increase the efficiency of the platform, let us know.  You can get in touch with us through social media and our platforms.