NFT Scams (and How to Avoid Them)

NFTs Made Simple

Oct 6 2022 • 25 mins

With the rising popularity of Web3 and NFTs, scams have grown exponentially in recent years. The best way to avoid them is to be vigilant at all times.

In this episode, Mark and Dragon discuss the various types of scams that plague the Web3 domain, especially in the cryptocurrency and NFT space. Clicking on random links, responding to unknown callers, and giving out information to strangers who pose as acquaintances are among some of the notorious scams out there.

Like every issue, it can be overcome by turning away from it. Prevention is always better than the cure. Being vigilant is the first step of avoiding scams. When personal information and money are at stake, it’s best to be able to determine the difference between what is true and what is fraudulent.

Resources

Timecodes

0:00 Introduction

02:27 Phishing scam

12:20 The problem of putting scammers on pedestals

16:26 Why you should never click random links

23:00 Key takeaways

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This show is for entertainment purposes only and should not be considered investment or financial advice. Do your research!