Are NFTS a scam?

As NFTs are on the rise, so are the NFT scams associated with them. Consider this as your go-to guide on NFT fraud so you can indulge in these tokens safely. Non-fungible tokens (NFTs) are a one-of-a-kind digital asset belonging exclusively to the owner and existing on a blockchain, meaning a digital ledger.

Are NFT airdrops a scam?

They can be but not all airdrops are scams. If you see an NFT airdrop on Twitter, for example, it's best to trace the project and its creators. Often legitimate NFT creators will have a road map of drops and events, and NFT calendars will also have details of verified planned drops.

What are the different types of crypto and NFT scams?

From old-school email phishing to malicious rug pulls, there are quite a few categories of crypto and NFT scams. Many scammers go to great lengths to get their hands on someone else’s digital assets. These scams are often sophisticated, difficult to spot and could take place over the course of months or longer.

Are phishing scams new?

Phishing scams are not new, but in the new and complex world of NFTs and cryptocurrency it can be easy to get taken in if you're new to this technology. As ever though, phishing scams pray on two emotions, fear and greed. As new NFT drops come thick and fast, it can be easy to get swept up by the hype.