Risk Disclaimer
Last updated: 9/8/2025
IMPORTANT: Please read this disclaimer carefully before using MyNFTSpace.
1. Investment Risks
NFTs are speculative digital assets. The value of NFTs can be extremely volatile and may be affected by external factors beyond our control. You should only invest what you can afford to lose.
2. No Investment Advice
MyNFTSpace does not provide investment advice. The information presented on our platform is for informational purposes only and should not be considered as financial advice.
3. Blockchain Risks
Transactions on the blockchain are irreversible. Once completed, they cannot be undone. We are not responsible for any losses due to:
- Sending assets to incorrect addresses
- Loss of private keys or wallet access
- Blockchain network congestion or failures
- Smart contract vulnerabilities or bugs
4. Regulatory Uncertainty
The regulatory landscape for NFTs and cryptocurrencies is evolving. Future regulations may impact the value, transferability, or legality of NFTs in certain jurisdictions.
5. Technical Risks
Using blockchain technology involves technical risks, including but not limited to:
- Software bugs or errors
- Cybersecurity threats
- Compatibility issues with wallets or browsers
- Temporary or permanent loss of access to NFTs due to technical failures
6. Market Risks
The NFT market is relatively new and may be subject to:
- Market manipulation
- Lack of liquidity
- Rapid price fluctuations
- Changes in consumer sentiment or trends
7. Intellectual Property Risks
Purchasing an NFT does not necessarily grant you ownership of the underlying intellectual property rights. The rights you receive are limited to those explicitly stated in the NFT's description or terms.
8. Platform Risks
MyNFTSpace may experience downtime, delays, or other technical issues that could affect your ability to buy, sell, or view NFTs. We are not liable for any losses resulting from such issues.
9. Tax Implications
Transactions involving NFTs may have tax implications. You are solely responsible for determining what taxes, if any, apply to your transactions and for reporting and remitting the correct tax to the appropriate tax authority.
10. User Responsibility
By using MyNFTSpace, you acknowledge that you have read and understood this risk disclaimer. You accept full responsibility for your decisions and actions related to NFTs on our platform.