LOS ANGELES - NASA has confirmed that asteroid 2024 YR4, which was initially flagged as a potential threat, poses no significant danger to Earth in 2032 or beyond.

The near-Earth asteroid, nearly the size of a football field, was first discovered in December last year. Experts previously projected a 3 percent chance of the asteroid striking our planet before lowering the chance to 0.28 percent last week.

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Following further observations, NASA updated the probability of its impact on Dec 22, 2032 to only 0.004 percent, said the Center for Near-Earth Object Studies.

NASA added that the asteroid poses no significant risk to Earth for at least the next century. However, there remains a 1.7 percent chance it could impact the moon.

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NASA will continue to observe asteroid 2024 YR4. The asteroid's observation has provided valuable data for advancing planetary defense methods and refining impact prediction processes, the agency said.