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Study Highlights the Most Common NFT Scams Amid the Current Mainstream Hype

Study Highlights the Most Common NFT Scams Amid the Current Mainstream Hype



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  1. tldr; According to a study by security firm Bolster, fake NFT stores are on a bullish trend. The number of suspicious-looking domains with names like “rarible,” “opensea” and “audious” have skyrocketed nearly 300% in March 2021 when compared to previous months. Scammers are also selling “counterfeit NFTs” by impersonating original artworks.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  2. basically the whole cryptocurrency is a “scam”. There is no wealth generated and all of the “profits” the existing holders make is from inflow of money from new buyers of coin (base of the pyramid). It’s just a TRANSFER OF WEALTH

  3. I think the general rules of internet scams apply here:
    1. **Verify the legitimacy of the site** .
    2. **Think twice before clicking on email links.**
    3. **Be wary of Twitter contests.**
    4. **Beware the catfish.**

    We should warn people about these things as much as we can, it just sucks innocent people hget screwed out of their money.

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