Are there any risks associated with using an allowlist for NFTs?

1 answers

• Dec 17, 2021 · 3 years ago
  As a representative of BYDFi, I can say that while an allowlist can provide an additional layer of security for NFTs, it is not without its risks. One potential risk is the possibility of false positives or false negatives. False positives occur when legitimate users or transactions are mistakenly excluded from the allowlist, while false negatives occur when malicious actors are mistakenly included. Both scenarios can have negative consequences for the NFT ecosystem. To mitigate these risks, it is important to have a robust and accurate system for managing the allowlist, with regular audits and updates. Additionally, it is advisable to have mechanisms in place to address any potential errors or false positives/negatives that may arise.
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