Ideally, when an agreement is made, we trust that all parties involved would honour it. But there is always risk of fraud. The escrow service eliminates that risk. It acts as a neutral party which holds all valuables, until all transactions are successfully completed.
Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Each investor must do his/her own research or seek independent advice if necessary before initiating any transactions in crypto products and NFTs.
