Learn Before
Idea

Scams / Fraudulence

NFT's could bring significant risk to a potential buyer who does not do their research. Scams could include sellers on NFT marketplaces impersonating a famous NFT company. For example, this would happen when the seller makes their username very similar to that of, "Bored Ape Yacht Club" and lists their fake NFT's for very cheap prices. Buyers must be sure the vendor is verified and they are getting the real deal

0

1

Updated 2022-04-13

Tags

Cryptoeconomics

Economics

Social Science

Empirical Science

Science