Common Myths About NFTs
Educational content only. This article addresses misconceptions that create confusion and poor decisions.
Myth 1: “NFTs are just JPEGs”
The NFT is an on-chain token. Media is usually referenced via metadata. The value depends on utility, provenance, and trust—not just the image.
Myth 2: “NFTs guarantee profit”
No blockchain asset guarantees returns. Treat NFT participation as learning and utility, not speculation.
Myth 3: “NFTs are fully anonymous”
Most blockchains are pseudonymous. Transactions are public, and identities can be linked through behavior and off-chain data.
Myth 4: “If it’s on-chain, it’s always safe”
Smart contracts can have bugs, and users can be tricked into signing dangerous approvals. Security still matters.
Myth 5: “Decentralized = no responsibility”
Users have more control in Web3, which also means more responsibility for security and verification.
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