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