The popularity of NFTs, or non-fungible tokens, has skyrocketed over the past few years, with NFT art pieces now going for millions. But when an industry gets this large, it’s only natural for scammers to try to take advantage of unknowing buyers.
So, what are the most common NFT scams, and how can you steer clear of them? Let’s find out.
1. Fake NFT Stores
Often, scammers very closely replicate popular NFT marketplaces, like OpenSea, in order to create fake NFT stores. These sites can look almost identical to the originals and can trick even an experienced NFT buyer into spending large amounts of…