What are NFTs ?
Most of you already know what are NFTs, but here is a quick rundown:
An NFT or non-fungible token is a digital asset that can come in the form of art, music, in-game items, videos, and more. They are bought and sold online, frequently with cryptocurrency, and they are generally encoded with the same underlying software as many cryptos. Each NFT has a unique identification code that can’t be replicated or copied, and metadata that can be linked to a variety of things to provide immutable proof of ownership.
Types of NFT Scams
Fake Airdrops
If the airdrop asks for your wallet’s private key, it’s a scam, since receiving cryptocurrency or an NFT only requires your public key. These airdrop scams can be sneaky, often involving scammers creating counterfeit sites. Many of these classic scams use odd language including strange grammar, and promise victims an amount after sending a deposit. Avoid “airdrops” organized like this — it’s not real.
Fake NFTs
A fake NFT involves a scammer taking someone else’s work, minting it and selling it on the marketplace under the guise of the original creator. Fake NFTs may include plagiarized work or fraudulent accounts pushing stolen content.
Bored Ape Yacht Club is one of the top NFT collections to date, so it’s not surprising that there are copycat and plagiarized collections rampant across NFT marketplaces.
Tips to distinguish a Scam
- Keep your secrets Never give out your crypto wallet’s passphrase or private key. Your wallet’s private key is proof of ownership because it’s tied to your owned NFTs.
- Avoid poor platforms Scammers never take their time to create a good Website.
- Check your Creator Do your own research and check for Twitter, Instagram etc.
- DO NOT CLICK BAD LINKS Do not click bad link, because it may be harmful for your computer.
That's all my Friends remember to stay safe in the ever evolving world of WEB3
Yours ARTIUM