Excerpted from ‘The Everything Token’

Moreover, the immediacy and finality of cryptocurrency transactions mean they lack many of the protections people are accustomed to with most other online consumer services. Sending an NFT to someone is like sending an email. Once the computer system has processed the transfer, it cannot be reversed. This means that if you enter the wrong address, your digital assets could end up in the wrong hands or even lost in the network pipes. Conversely, hacking or account theft may result in irreparable losses. (In late 2021, Bored Ape NFT thefts were briefly so common that “All My Apes Are Gone” sadly achieved meme status.)