Reports of fraud related to Non-Fungible Tokens (NFTs) have risen by triple digits between 2020 and 2021, albeit from a low base, according to data seen by law firm Pinsent Masons. The multi-national legal practice claimed today that while reporting figures were still only in double figures last year, the actual number for NFT fraud is likely to be much higher as inexperienced investors are drawn to the fast-growing market.

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