![]() ![]() But as ever, make sure they align with all the other checks above. These are verified and authorised creators and projects so you can be sure they're real. We'd also suggest you take a look at the NFT's roadmap, and look them up on an NFT calendar, such as NFSea.tools. Be sure to check engagement and not followers, often scammers will pay for followers but you can't fake interest so make sure you check for any disparities.įinally, check the details and ensure the promises being made are achievable. ![]() Good NFT projects will have a robust Discord or social media community long before any NFT is minted or money is exchanged. Check LinkedIn too, a good development team will be sure to post their experience and associations. You can often avoid a rug pull by doing some simple research, checking the social media accounts of the creator, looking at their history on NFT marketplaces and following links to the project. After raising $2.7 million the creator disappeared leaving the NFT owners with jpegs and not much else.īe sure to check engagement and not followers, often scammers will pay for followers Evolved Apes was a 10,000 piece NFT collection that promised to use the NFTs to fund a blockchain video game. ![]() One of the biggest rug pulls involved an NFT that jumped on the Bored Apes Yacht Club hype. One piece of advice is to only buy an NFT from one of the best NFT marketplaces, which have verified artists and processes set in place for complaints and returning money. ![]() After people buy into the NFT project, expecting a video game, community or art project, they can find the creator 'pulls the rug' leaving them with worthless NFTs.Ī staggering 43.8% of respondents to Privacy HQ's survey claimed they had purchased an NFT that completely disappeared. This happens when a new NFT project raises a lot of money in a short time through hype and bluster, often associating itself with a current successful NFT. The Evolved Apes NFT is one of the most famous NFT scams (Image credit: Evolved Apes) ![]()
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