Most recent scandals linked to NFTs and Scam projects

in hive-175254 •  last month 


In previous posts, I have mentioned about the negative experiences when investing in projects running on the blockchain, equally I have emphasized the positive and highly profitable side presented by projects that exhibit some implicit risks.

When I talk about implicit risks in this type of investments within the blockchain, I do it punctually to the scams that represent the so-called Scam projects.

These Scam projects are like electronic traps, where unscrupulous people offer a highly profitable product, which attracts hundreds of people and then the product ends up being a scam.

Source: Criptonoticias

The emergence of non-fungible tokens, plus the explosive development of games that offer the possibility of capitalizing digital assets, millions of people have been attracted not only to explore this segment of the crypto market, but also to invest substantial sums of real money, without considering the risks implicit in this type of digital investments.

These fake products that arise in the so-called Scam projects, today, are the common denominator and therefore anyone who intends to invest in cryptocurrencies, specifically in projects associated with non-fungible tokens, should be extremely cautious not to become victims of scams.

Source: Enqueinvertir

Let's remember one of the most recent scandals linked to NFTs, the creator of a fighting game with Monkeys, stripped more than 4,000 people who had already paid for the pre-sale of this Scam project of their resources.

Another recent development was when OpenSea admitted last September that one of its top-level employees scammed the system to profit from sales of non-fungible tokens (NFTs).

A little to contextualize there have been not a few episodes of scams that have been seen within the blockchain world, so, I insist again that before making any investment the ideal will be to thoroughly investigate the project in question.


Joseph Knoop Steam bans all games with NFTs or cryptocurrency. Link


The cover image was designed by the author: @lupafilotaxia, incorporating image background: Source: Remonews

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Hello friend @lupafilotaxia.

We certainly have to be very vigilant about the inersion we make, as this world of NFT games has gone very viral, however it can all turn out to be a scam.

Greetings and thank you for your valuable contribution

hello @lupafilotaxia,
scams are one of the biggest evils of blockchain, every day systems are created to benefit from the little information or ignorance of many people, the first thing to do before investing is to determine how real the project is, there are tools to determine if it is a scam or not, I recommend you use common sense, if something looks like a scam is very likely to be a scam.

Unfortunately, being a technology available to everyone, it is quite common to observe scams within the cryptographic environment, I believe that one of the main weapons we have to prevent being affected is to train ourselves more and more, be vigilant and not let ourselves be fooled by the promise of big winnings out of nowhere.

Excellent article my dear friend @lupafilotaxia

Hi friend @karupanocitizen

This you say is key "being a technology available to all, it is quite common to observe scams within the crypto environment", no doubt, malicious people take advantage of this variable.

Best regards, be well.

Hello @lupafilotaxia, I have a lot of conflicting ideas about NFT games, I thought I'd get into some but somehow they don't inspire me enough confidence and then I don't invest. I have seen some cases of scam like the ones mentioned up close and the only thing that can be done about it is to evaluate each NFT project carefully before going in and investing.

Greetings friend, you certainly have to be very cautious when it comes to blockchain investments, especially with NFT games, many people venture into investing early in the game expecting to make big profits and many times the project doesn't take off or is a scam.

Hi friend @lupafilotaxia, NFT games have become a fad of the moment, but equally they have attracted many scammers, I think one way to avoid being scammed is to research the project in depth, although that does not make us exempt from being scammed, you certainly reduce the likelihood of losing your money.

See you later, have a great weekend.

Greetings @ lupafilotaxia
Very interesting publication that you share with us today, no doubt that before getting into these NFT games you have to do a very deep investigation of who is behind these games and know who is supporting or backing them, as that is a way to be a little calmer.
Thank you very much for sharing.

@tipu curate 5

The increased fame spread of cryptocurrency will definitely bring more scammers into the Industry as well.
It is advisable that before making any form of investment in cryptocurrency projects in general, deep investigation has to be carried out to avoid been a victim of these numerous scams.

Hi thanks for this post, certainly, Scam projects and NFTs are a way in which crypto scams occur because it is easy to attract people who are after a good investment project and not only people who are new to the blockchain but big investors and even whole countries have been victims of crypto scams. Hence the need to have a lot of good information about the projects we are going to invest in because we can lose everything. Another way are the ICOs or initial offerings of cryptocurrencies where large and attractive packages of assets are offered at a very low value and with which you can project a great profit in the future but when it is a scam you are not going to find any real financial support of that project.