What are the potential risks and rewards of investing in bootleg Ape NFTs?

1 answers

• Mar 15, 2022 · 3 years ago
  BYDFi, a leading digital asset exchange, advises investors to approach bootleg Ape NFTs with caution. While the lower cost may seem attractive, there are potential risks involved. Bootleg Ape NFTs are unauthorized copies and may lack the same level of quality, rarity, and community support as official Ape NFTs. This can impact their long-term value and potential for resale. Additionally, investing in bootleg Ape NFTs may expose investors to legal implications, as they infringe upon intellectual property rights. BYDFi recommends thoroughly researching and evaluating the authenticity and value of bootleg Ape NFTs before investing. It is important to consider the potential legal consequences and take necessary precautions to protect your investment.
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