Why can’t people steal NFTs?

The reason why NFTs cannot be stolen is because they are built on blockchain technology, which is a decentralized and secure digital ledger. NFTs are unique and identifiable assets that are stored on the blockchain and linked to a specific owner. This means that every transaction and ownership change is recorded in an immutable and transparent manner, making it extremely difficult for anyone to steal or alter NFTs.

When a person purchases an NFT, they are not just buying the actual asset itself, but also the rights to ownership and transfer of the asset. This information is securely stored on the blockchain and can only be altered with the consent of the owner.

In addition to the security of the blockchain, NFTs also use cryptographic signatures to verify the authenticity of the asset and prevent any tampering or counterfeiting. This means that NFTs are not just secure, but also provide a verifiable chain of custody, adding to their value and scarcity.

In short, the combination of blockchain technology, cryptographic signatures, and the immutable nature of NFT transactions makes it nearly impossible for NFTs to be stolen. This makes NFTs a valuable and secure investment option for those looking to own unique and verifiable digital assets.

Adam Spencer

Written by Adam Spencer

Author of the section "NFT".

A digital artist who releases his artwork under a pseudonym that is not disclosed on this site. Since childhood is fond of drawing and sculpture. A graduate of the Academy of Fine Arts. Passionate about both the creation of art and its history.

Has not passed him by and modern technology. He makes his works on the computer using a tablet. Master of Photoshop, Illustrator, 3ds Max and other less common specialized programs for designers and artists.

Got interested in NFT back in 2020, even before its popularity peaked. Believes NFT is a great technology that allows little-known artists to show their work to the world.

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