Hello Guys,
Didn`t know where to put this one so I decided to put it here. I have a question. NFTs are built on blockchain.
IF the governments start banning the use of cryptos all over the world If a global financial crisis comes and cryptos start to plummet how will NFTs handle themselves will they also collapse.
Can Governments interdict the use and existence of NFTs? Do NFTs have a shadowy construction like Bitcoin which might get banned for being anonymous and used to buy drugs or other illegal things?
How will NFTs fair will they survive can they be still functional and governments can`t do much about it?
Thank you
B.
NFT is stored on Blockchain while Blockchain is decentralized and no one is controlling it so NFT will survive no matter how government crack it for as long blockchain will still exist freely use by users.
The government can only restrict there citizen to use NFT but they cannot directly touch or destroy it since no one is controlling when it was already wrapped and stored on the blockchain unless the owner itself will destroy it voluntarily. There's no need to worryuch about the fate of NFT or crypto in general. There's no way it will be destroyed unless there will be no internet connection around the globe.