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About this paper
Kai Ma, Jintao Huang, Ningyu He, Zhuo Wang, Haoyu Wang
A System-of-Knowledge paper provides the first comprehensive reference frame for NFT security, systematically categorizing 142 real-world incidents into 12 major issues across contract, market, and auxiliary service layers. The analysis reveals a substantial gap between industry-identified threats and the focus of current academic research.
Key insights
- NFT security issues are widespread across all ecosystem layers, frequently lead to significant economic losses, and are difficult to completely eliminate due to their complex nature.
- A considerable gap exists between the understanding and focus of industry and academia regarding NFT security, with academic research addressing only a limited subset of real-world problems.
- Many prevalent issues, like spam NFTs and attacker behaviors, remain understudied by academia, and there is a general absence of comprehensive, proactive defense systems in academic literature.
Summary by alphaXiv.
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