NFTs have been gaining in popularity as more and more people look for ways to invest in digital assets. However, there are some risks associated with investing in NFTs that potential investors should be aware of. One of the biggest risks is that NFTs are not backed by any physical asset, so their value is entirely dependent on the market. This means that prices can fluctuate wildly, and investors could end up losing a lot of money if they don't sell at the right time. Another risk is that NFTs are often stored on centralized platforms, which means that they are vulnerable to hacks and other security breaches. If an NFT is stolen or lost, it may be very difficult to get it back. Finally, NFTs are still a relatively new technology, and there is not a lot of regulatory oversight at the moment. This means that investors could be taken advantage of by unscrupulous individuals or companies.