Sales of non-fungible tokens, or NFTs, have generated millions of dollars in recent months. Whether it’s a Jack Dorsey tweet that went up $2.3 million, or a picture of a dog that went over $4.3 million in sales. Whether you like or hate the concept of NFTs, these digital collectibles in the form of art, GIFs, videos, music, and more cannot be ignored. But NFTs are no exception among scammers. Now it seems that every day the NFT faucet is scammed or the victim of a theft.
Last week in this column we talked about how you can easy to sell your NFT. This week we’ll be focusing on NFT scams so you don’t lose your digital collectible before you make a profit.
Fraud from the start
Classic mat shooters are quite common in the NFT world. In October 2021, a collection of 10,000 “evolved apes” was launched. OpenSea NFT Marketplace. The NFT project has described itself as “a collection of 10,000 unique NFTs trapped in a land of lawlessness”. They are “fighting for survival, only the strongest ape will win,” he said, referring to the project’s publicized…