{"id":133,"date":"2023-07-17T14:46:13","date_gmt":"2023-07-17T12:46:13","guid":{"rendered":"https:\/\/fanifty.io\/?page_id=133"},"modified":"2023-09-29T09:20:13","modified_gmt":"2023-09-29T07:20:13","slug":"risk-information","status":"publish","type":"page","link":"https:\/\/fansea.io\/de\/risk-information\/","title":{"rendered":"Risk information 3D collectibles"},"content":{"rendered":"<div data-elementor-type=\"wp-page\" data-elementor-id=\"133\" class=\"elementor elementor-133\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d9a08ac elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d9a08ac\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9eae327\" data-id=\"9eae327\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2c4b29b elementor-widget elementor-widget-heading\" data-id=\"2c4b29b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">RISK INFORMATION<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3da4cca elementor-widget elementor-widget-text-editor\" data-id=\"3da4cca\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>NFTs are based on blockchain technology or a similar decentralised network. A blockchain is a decentralised peer-to-peer network. This means that several computers join together to form a single network. They act independently of each other in economic and legal terms and can be scattered across the world. For such a blockchain to work, the majority of com-puters involved must follow the blockchain&#8217;s rules, which are dictated by the blockchain&#8217;s protocol written in a programming language. There is no central body that manages such a blockchain&#8217;s network. As a result, there are a number of risks involved which Fansea GmbH has no control or influence over. Such risks are therefore also present when purchas-ing an NFT (as defined in the NFT Purchase Agreement) on the Fansea GmbH (&#8220;Fansea&#8221;) platform. These are outlined below.<\/p>\n<p>\u00a0<\/p>\n<p>Please read this risk information carefully before purchasing an NFT.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7206659 elementor-widget elementor-widget-heading\" data-id=\"7206659\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">1. TECHNOLOGICAL RISKS<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-61c29fc elementor-widget elementor-widget-heading\" data-id=\"61c29fc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">1.1 Potential risks due to blockchain errors and failures<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-69714c9 elementor-widget elementor-widget-text-editor\" data-id=\"69714c9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>In technical terms, NFTs are blockchain-based tokens, which means they are digi-tally stored entries in a blockchain. An NFT is transferred within the blockchain from the transferor&#8217;s address to the recipient&#8217;s address. Transactions therefore do not take place within an environment provided, operated or monitored by Fansea. Fansea has no influence over whether the blockchain or any systems built upon it will function without errors or failures or will continue to exist in their current form.<\/p>\n<p>\u00a0<\/p>\n<p>The blockchain&#8217;s functioning may be affected by cyberattacks and unauthorised activities of third parties or other operational or technical difficulties and disrup-tions. This may cause interruptions, errors, distortions or delays in the execution of NFT transactions.<\/p>\n<p>\u00a0<\/p>\n<p>Such impairments may result in it no longer being possible to access NFTs, unau-thorised persons gaining access to NFTs, or NFTs being destroyed. This may lead to the buyer&#8217;s invested assets being partially or completely lost. The buyer is aware that the NFTs are stored on a specific blockchain and cannot be transferred to other blockchains. Fansea has no influence on the compatibility of NFTs with oth-er blockchains, platforms or systems.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2dca052 elementor-widget elementor-widget-heading\" data-id=\"2dca052\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">1.2 Required knowledge and risks involved in using a wallet<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6cb2121 elementor-widget elementor-widget-text-editor\" data-id=\"6cb2121\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>To purchase access rights and control over an NFT, the buyer needs a wallet. A wallet is a form of software that buyers can use to manage their cryptographic keys and thus access and transfer NFTs. Such a wallet is not provided, operated or monitored by Fansea. The buyer must demonstrate a sufficient understanding of how to set up, maintain and correctly operate their chosen wallet before purchas-ing an NFT. Buyers will use their wallets entirely at their own risk and on their own responsibility. In particular, they must know how to secure the access data for their wallet. Fansea is not able to recover lost credentials or provide new cre-dentials.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c0b3a4f elementor-widget elementor-widget-heading\" data-id=\"c0b3a4f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">1.3 Risk of using a wallet that is not compatible with the NFT purchased<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9434d44 elementor-widget elementor-widget-text-editor\" data-id=\"9434d44\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>There is a particular risk involved in using a wallet that is not compatible with the NFT purchased. This is the case when a wallet cannot access the blockchain on which the NFT is stored or interact with the specific type of NFT. Before setting up a wallet, buyers must ensure that the respective wallet service provider supports the NFTs offered by Fansea. Otherwise, this may result in buyers not being able to access their NFT or the NFT being lost and them losing the assets they have in-vested.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-95069b4 elementor-widget elementor-widget-heading\" data-id=\"95069b4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">1.4 Risk when entering the addressee in an NFT transaction<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7c65705 elementor-widget elementor-widget-text-editor\" data-id=\"7c65705\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Another risk in the transaction of NFTs lies in entering the wrong address (&#8220;public key&#8221;) of the recipient or the wallet address derived from this. Before executing the transaction, buyers must ensure that they have correctly entered the relevant public key\/address for the transaction. Otherwise, the NFT may be transferred to the wrong address in the blockchain. This may result in the complete loss of the NFT and thus also the buyer&#8217;s invested assets. Fansea has no influence over, and cannot control or reverse, any transactions using the NFTs made by the buyer or any third party.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9b420a1 elementor-widget elementor-widget-heading\" data-id=\"9b420a1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">1.5 Risk in the event of loss of the private key or the seed phrase<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-691870e elementor-widget elementor-widget-text-editor\" data-id=\"691870e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>An NFT is accessed either via a private key belonging to the buyer, which works like a password or the PIN used for online banking, or via a &#8220;seed phrase&#8221;. The seed phrase generally consists of 12 or 24 words and is equivalent to a password for gaining access to an NFT with the associated private key. If the buyer loses the private key or the seed phrase or if these access data to the NFT are stolen or oth-erwise go missing, this will result in an irrevocable loss of the associated NFT. Third parties who gain knowledge of the private key or the seed phrase can also gain access to the NFT and misuse or steal it for their own purposes.<\/p>\n<p>\u00a0<\/p>\n<p>Loss, theft or other unauthorised access by third parties to the private key or the seed phrase will result in buyers no longer having access to their NFT. This may lead to the buyer&#8217;s invested assets being lost completely.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-02ecb38 elementor-widget elementor-widget-heading\" data-id=\"02ecb38\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">1.6 Risk of theft and hacking<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8458d73 elementor-widget elementor-widget-text-editor\" data-id=\"8458d73\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Points of attack for hackers or other persons may include \u2013 apart from the private key and the seed phrase \u2013 the smart contract underpinning the NFT, the underly-ing software application and the software platform. Smart contract means a com-puter program that is stored and executed in the blockchain to create an NFT, as-sign it to a specific address and transfer it to other addresses. Neither the software underlying the smart contract nor the software platform is made or operated by Fansea. There may be bugs in the programming or other technical vulnerabilities that allow hacking, theft, or other attacks, which may result in NFTs being partial-ly or completely lost. This may make it impossible to access the NFT, thereby im-pairing its value. The occurrence of these risks may lead to the buyer&#8217;s assets being partially or completely lost.<\/p>\n<p>\u00a0<\/p>\n<p>Loss, theft or other unauthorised access by third parties to the private key or the seed phrase will result in buyers no longer having access to their NFT. This may lead to the buyer&#8217;s invested assets being lost completely.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d360c21 elementor-widget elementor-widget-heading\" data-id=\"d360c21\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">1.7 Risk associated with updates and forks of a blockchain<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f19680e elementor-widget elementor-widget-text-editor\" data-id=\"f19680e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>When an update is issued for the blockchain, due to the decentralised structure of the network, each computer in the blockchain network can decide whether or not to update the blockchain protocol. Updates can change the way in which the blockchain works and thus the way in which the NFTs work. In addition, the network, and thus the blockchain, may split (hard fork). A hard fork means that some of the computers on the network have installed the update and some of the computers do not accept the update. After such a hard fork, the network splits to create two versions of the blockchain. Then the NFT&#8217;s owners essentially own it on both the original and the updated version of the blockchain. Updates can thus have an impact on an NFT&#8217;s price performance and lead to the assets invested by the buyer being partially or completely lost.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-49599eb elementor-widget elementor-widget-heading\" data-id=\"49599eb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">1.8 Risk due to innovations<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-aa4ce4c elementor-widget elementor-widget-text-editor\" data-id=\"aa4ce4c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The blockchain technology employed and the smart contract standards used for tokens and wallets may become vulnerable or no longer compatible with new ver-sions. There is a possibility of technologies being developed that interfere with the blockchain&#8217;s functioning or allow third parties to access, modify or transfer NFTs.<\/p>\n<p>\u00a0<\/p>\n<p>Innovations such as quantum computers pose an additional risk to tokens and the underlying blockchain technology. These innovations may result in a subsequent change of ownership and adversely affect NFT transactions, potentially leading to the buyer&#8217;s invested assets being partially or completely lost.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3d2e46d elementor-widget elementor-widget-heading\" data-id=\"3d2e46d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">1.9 Risk with regard to the medium linked to an NFT<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e4f05ba elementor-widget elementor-widget-text-editor\" data-id=\"e4f05ba\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Blockchain technology enables ownership of NFTs and associated rights to be as-signed to a medium linked to the token. However, the technology does not protect against third parties unlawfully copying the medium linked via a token or the con-nection between the token and the medium&#8217;s storage location being disrupted. This may have an impact on the token&#8217;s price performance. As a consequence, the buyer&#8217;s invested assets may be partially or completely lost.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b1999e9 elementor-widget elementor-widget-heading\" data-id=\"b1999e9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">2. LEGAL RISKS<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3fcea86 elementor-widget elementor-widget-text-editor\" data-id=\"3fcea86\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Both at national and international level, legislative amendments or new laws con-cerning blockchain technology and similar decentralised technologies and tokens based on them may result in extensive changes. Specific details on the legal risks:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6bb4580 elementor-widget elementor-widget-heading\" data-id=\"6bb4580\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">2.1 Risk with regard to future regulatory requirements<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3289014 elementor-widget elementor-widget-text-editor\" data-id=\"3289014\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>NFTs and the media linked to them will likely be subject to regulation in the fu-ture. There is a risk that NFTs might then be classed as securities or some other regulated asset class. Another risk stems from how authorities or courts decide to construe regulatory requirements.<\/p>\n<p>\u00a0<\/p>\n<p>Changes in regulatory requirements may result in access to a blockchain, NFTs or trading platforms being restricted. These and other restrictions may \u2013 as Fansea cannot yet be aware of them \u2013 mean that buyers are no longer able to gain access to the NFT and its linked medium; as a result, the latter might lose financial value or suffer a complete loss of value.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ba15181 elementor-widget elementor-widget-heading\" data-id=\"ba15181\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">2.2 Risk to the validity of NFT contracts<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-06ef4f8 elementor-widget elementor-widget-text-editor\" data-id=\"06ef4f8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>In addition, a court might declare this NFT Purchase Agreement invalid in whole or in part. The fact that this is a very new and innovative legal field, combined with the resulting absence of established legal practice, means this risk is relatively high.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ff24418 elementor-widget elementor-widget-heading\" data-id=\"ff24418\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">2.3 No legal link between token and medium by statute<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-80d20aa elementor-widget elementor-widget-text-editor\" data-id=\"80d20aa\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>There is a possibility that the NFTs will no longer fully reflect the ownership of the linked medium. NFTs are not deeds that are inseparable from the rights em-bodied in them. Although the contract seeks to keep both medium and token to-gether, a situation may arise when transferring the rights to a medium where a holder does not transfer the associated token along with those rights, or where a holder does not transfer the linked medium when transferring a token.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6f34ff8 elementor-widget elementor-widget-heading\" data-id=\"6f34ff8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">2.4 Tax risks<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-de1d024 elementor-widget elementor-widget-text-editor\" data-id=\"de1d024\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>It is not certain that the current tax treatment will continue to apply. Changes to tax legislation, administrative opinion and\/or case law can change the assessment of the tax concept and its consequences in terms of tax treatment. There is a risk of a higher tax burden. Buyers are advised to consult a tax specialist to accurately assess the benefits, charges and other consequences of the purchase.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-975d5c0 elementor-widget elementor-widget-heading\" data-id=\"975d5c0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">3. RISKS WHEN RESELLING AN NFT<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0aced02 elementor-widget elementor-widget-text-editor\" data-id=\"0aced02\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The buyer is aware that NFTs have no fixed value and that the price paid for an NFT is not indicative of its intrinsic value or future performance. There is a possi-bility that an NFT cannot be resold or can only be resold at a loss, which may re-sult in a partial or complete loss of the assets invested by the buyer.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2f0c167 elementor-widget elementor-widget-heading\" data-id=\"2f0c167\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">3.1 Risk relating to the tradability of an NFT<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c408bda elementor-widget elementor-widget-text-editor\" data-id=\"c408bda\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Supply and demand determine the sale and value of an NFT. These depend on whether a buyer can be found and what purchase price that buyer is willing to pay. There is a risk that the consideration offered by a potential buyer for the NFT will be less than the original purchase price. This may lead to a partial or complete loss of the buyer&#8217;s invested assets.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-38e928d elementor-widget elementor-widget-heading\" data-id=\"38e928d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">3.2 Risk of NFT trading prices fluctuating and lack of prospective buyers<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d1b81bb elementor-widget elementor-widget-text-editor\" data-id=\"d1b81bb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The value of an NFT may undergo significant price fluctuations based on various unpredictable developments, such as increased volatility of cryptocurrencies hit-ting the NFT market or a lack of market demand. Fansea has no influence on an NFT&#8217;s value or on third parties&#8217; interest in buying NFTs.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-37816ec elementor-widget elementor-widget-heading\" data-id=\"37816ec\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">3.3 Risk of errors in an NFT transaction\n<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-68774ee elementor-widget elementor-widget-text-editor\" data-id=\"68774ee\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Transactions between the buyer and a third party involving an NFT are generally irreversible and no longer revocable. Errors made in an NFT transaction can lead to the loss of the token and the invested assets.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-09bbd1b elementor-widget elementor-widget-heading\" data-id=\"09bbd1b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">3.4 Risk of impossibility of resale of the NFT\n<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f0a537b elementor-widget elementor-widget-text-editor\" data-id=\"f0a537b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Fansea does not offer the possibility of resale and has no influence on whether third parties offer the possibility of resale. Therefore, it may happen that the buyer will never be able to resell the NFT.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2765e20 elementor-widget elementor-widget-heading\" data-id=\"2765e20\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">3.5 Risk of restricted tradability on secondary trading platforms\n<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-632ac61 elementor-widget elementor-widget-text-editor\" data-id=\"632ac61\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>No regulated market exists for NFT trading. This means that each trading platform (if available at all) is free to decide independently whether to admit an NFT for trading. Each trading platform&#8217;s terms and conditions or formal requirements may preclude trading in the relevant NFT. It is also conceivable that an NFT transac-tion on a trading platform cannot be completed due to incompatible token stand-ards for technical or other reasons. There is no enforceable right against Fansea or any other trading platform for an NFT to be admitted (or remain admitted) to trading.<\/p>\n<p>\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5c91ef3 elementor-widget elementor-widget-heading\" data-id=\"5c91ef3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">3.6 Risk of supervisory regulation of trading platforms\n<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2a9b384 elementor-widget elementor-widget-text-editor\" data-id=\"2a9b384\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>If a trading platform operates without a required permit, the regulatory authorities may intervene and ban the trading platform&#8217;s business model. Therefore, buyers must ensure they are properly informed before offering an NFT on any trading platform that is not operated by Fansea. Trading on an unlicensed platform may result in a partial or complete loss of the value of the NFT or the NFT itself if ac-cess to the tokens traded on the platform is restricted or denied.<\/p>\n<p>\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-625af6c elementor-widget elementor-widget-heading\" data-id=\"625af6c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">3.7 Risk of high transaction fees in NFT transactions involving a buyer\n<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6f1ded3 elementor-widget elementor-widget-text-editor\" data-id=\"6f1ded3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Transaction fees (also known as &#8220;gas fees&#8221;), which can fluctuate considerably, may be incurred for NFT transactions. Paying a higher fee can affect the speed of the transaction. This may temporarily or permanently limit the possibility of NFT transactions, resulting in a loss of the assets invested.<\/p>\n<p>\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6668965 elementor-widget elementor-widget-heading\" data-id=\"6668965\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">3.8 Exchange rate risk when using cryptocurrency\n<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-418e4ec elementor-widget elementor-widget-text-editor\" data-id=\"418e4ec\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>If buyers use cryptocurrencies to acquire NFTs or if they receive cryptocurrencies from the sale of NFTs, they must consider that this may result in significant price fluctuations. The buyer independently determines the timing of any NFT purchase or resale, and the exchange of cryptocurrency into a fiat currency, e.g. euros. Cir-cumstances may have changed in the meantime, resulting in worse exchange rates, higher fees, or negative price performance. The price performance of a cryptocur-rency can deteriorate significantly, either temporarily or permanently. The buyer bears this risk.<\/p>\n<p>\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e0e9caa elementor-widget elementor-widget-heading\" data-id=\"e0e9caa\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">4. GENERAL RISKS<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7ce4511 elementor-widget elementor-widget-heading\" data-id=\"7ce4511\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">4.1 Financial risk\n<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-16278ff elementor-widget elementor-widget-text-editor\" data-id=\"16278ff\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>There is a risk of partial or complete loss of the assets used by the buyer to acquire the NFT (partial or complete loss risk). Buyers should therefore only buy an NFT if they are able to bear the partial or complete loss of their invested assets.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-56654e8 elementor-widget elementor-widget-heading\" data-id=\"56654e8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">4.2 Reversal risk<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d0243bb elementor-widget elementor-widget-text-editor\" data-id=\"d0243bb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>No reversal (i.e. the retransfer of an NFT) is provided for unless the buyer has a right to a reversal by law or if Fansea has expressly granted this right. This is gov-erned by the general terms and conditions of Fansea, which are available at\u00a0<a href=\"https:\/\/staging-32e7-fansea5.wpcomstaging.com\/terms-conditions\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/staging-32e7-fansea5.wpcomstaging.com\/terms-conditions<\/a>.<\/p>\n<p>\u00a0<\/p>\n<p>***<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>RISK INFORMATION NFTs are based on blockchain technology or a similar decentralised network. A blockchain is a decentralised peer-to-peer network. This means that several computers join together to form a single network. They act independently of each other in economic and legal terms and can be scattered across the world. For such a blockchain to [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"class_list":["post-133","page","type-page","status-publish","hentry"],"jetpack_shortlink":"https:\/\/wp.me\/PfdcD8-29","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/fansea.io\/de\/wp-json\/wp\/v2\/pages\/133","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fansea.io\/de\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/fansea.io\/de\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/fansea.io\/de\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/fansea.io\/de\/wp-json\/wp\/v2\/comments?post=133"}],"version-history":[{"count":18,"href":"https:\/\/fansea.io\/de\/wp-json\/wp\/v2\/pages\/133\/revisions"}],"predecessor-version":[{"id":9506,"href":"https:\/\/fansea.io\/de\/wp-json\/wp\/v2\/pages\/133\/revisions\/9506"}],"wp:attachment":[{"href":"https:\/\/fansea.io\/de\/wp-json\/wp\/v2\/media?parent=133"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}