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Are nfts scams?

Answers (1)

Niaz Amjad
Jan 28, 2022 12:08:26

In reality, NFTs aren't scams—just another form of digital assets that are linked with blockchain networks. Still, as the market for NFTs grows, there is a potential for fraud. For example, there might be fake NFTs that are copied from original ones, and there is a chance that someone will try to fool you into thinking they are running an NFT sale by sending you a link. If you click that link and connect your wallet, they may have access to your physical wallet. Some projects have become very valuable. People whose projects have been phished or stolen can potentially lose hundreds, thousands, even millions of dollars if their NFTs are stolen.

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