Navigating the wild west of NFT’s can be a tricky endeavor for most…..
Just like anything new to the market, there are going to be security issues and drawbacks, and NFT’s are no different.
The influx of interest in the growing digital collectibles and asset class is also drawing the attention of scammers and hackers the world over.
The #1 tip is to Always, always, always make sure you are dealing with licensed and regulated platforms when attempting to deal in NFT’s.
Here are some other safety guides, tips, precautions, and educational know-how for the NFT space:
Week Two in Audio from @jwilliamsnft:
⚠️ Avoiding NFT Scams: https://t.co/K69NMWtsh2
🌙 Aku Dreams: https://t.co/iXsMrlQ8Nj
— Packrip Media (@PackripMedia) August 1, 2021
— Angelo Santitto (@AngeloSantitto) August 10, 2021
Artists have reportedly had their art stolen and repurposed as NFT’s according to The Verge:
TheThe artist Derek Laufman woke up last weekend to a couple emails from his followers, who had a question for him. They wanted to know if he’d started selling NFTs — non-fungible tokens — of his art. But it wasn’t just email. People had DMed him on Instagram and Twitter, too. “I just replied, that’s 100 percent not me,” Laufman says when I reach him by video call.
On Rarible, a site where people can purchase NFTs, a verified profile had appeared that alleged to be from him — which means that someone took the time to impersonate him all the way through the platform’s verification process.
WTF is happening with NFTs right now?
Here's a collection of introductory threads for folks learning and thinking about buying NFTs.
We'll also touch on avoiding scams, thinking about taxes, and starting a career in NFTs.
Let's goooo 👇
— Pixel Beasts NFT (@pixelbeastsnft) August 31, 2021
Banksy was warned about website flaw before NFT hack scam https://t.co/obDjlbsJEV
— Graham Cluley (@gcluley) September 4, 2021
ZY Crypto featured an in-depth look at NFT scams right now:
One seemingly working method to exploit users is pretending to be support staff on behalf of the leading NFT marketplace OpenSea.
Since there are a number of nuances and issues with NFTs, including several common questions like why an NFT is not showing up in the wallet, this technique can work on many people — noobs in particular.
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