Are NFTs A Pyramid Scheme?

Are NFTs A Pyramid Scheme

Is NFT A Pyramid Scheme?

NFTs are not a pyramid scheme. NFTs provide proof of ownership of digital assets. Regarding a pyramid scheme, recruiters receive a percentage of the fee for joining as a member, and the remaining percentage flows to the person on the top.

NFT provides only royalties to the creator. There are a few differences between NFT and Pyramid scheme which are as follows:

• The first point is that recruiting someone to purchase an NFT line that you own will not deliver any commission or direct benefit.

• The second point concerns the NFTs with meaningful value and utility. In contrast, pyramid schemes have no intrinsic value at all.

Explore most asked questions and answers related to NFTs from here: Best Questions And Answers On NFT