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Are nfts a pyramid scheme?

Answers (1)

Arsalan Afzal
Jan 27, 2022 14:41:00

There's definitely a lot of hype and speculation in the non-fungible token (NFT) world right now, but that doesn't mean that NFTs are automatically a pyramid scheme. In order for an investment scheme to be classified as a pyramid scheme, there must be evidence of an explicit or implicit promise that participants will be able to earn returns solely from recruiting new members into the scheme. So far, there's no definitive proof that any NFT project is being operated as a pyramid scheme. However, it's important to do your own research before investing in any NFT project, because there is certainly a lot of risks involved. Remember that like any other investment vehicle, NFTs can go up

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