The security of NFT transactions is guaranteed through the use of blockchain technology. NFTs are stored on a blockchain network, which is decentralized and distributed across a network of computers, making it difficult for any single entity to manipulate or control the network.
Additionally, NFT transactions are secured through the use of smart contracts. Smart contracts are self-executing digital contracts that automatically enforce the terms of the contract. They eliminate the need for intermediaries, such as banks or lawyers, and provide a secure and transparent way to execute transactions.
When an NFT is purchased, the transaction is recorded on the blockchain and is immutable, meaning it cannot be altered or deleted. This ensures that the ownership of the NFT is securely and immutably recorded on the blockchain, which helps to prevent fraud, theft, or any attempt to manipulate the transaction.
Overall, the combination of blockchain technology and smart contracts provides a secure and transparent way to execute NFT transactions, ensuring that they are reliable and tamper-proof.
