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A "rug pull" is a scam, similar to an exit scam or a pump and dump scheme, in which the developers of an NFT or other blockchain project hype the value of a project to pump up the price and then suddenly sell all their tokens to lock in massive profits or otherwise abandon the project while removing liquidity, permanently destroying the value ...
There are many NFT crypto scams and many ways hackers seek to profit off the NFT trend. Understanding the most common NFT scams can help you keep your investment safe.
Selling an NFT is quite similar to listing an item on eBay. After you’ve created your NFT, you’ll need to come up with a name for it, along with a description and price. Since NFTs are unique ...
Fake news websites are those which intentionally, but not necessarily solely, publish hoaxes and disinformation for purposes other than news satire. Some of these sites use homograph spoofing attacks, typosquatting and other deceptive strategies similar to those used in phishing attacks to resemble genuine news outlets. [1] [2] [3]
Another way to sell your NFT art is to auction it at an arthouse. Even younger artists are getting in on the action at major auction houses. Eighteen-year-old FEWOCiOUS is the youngest featured ...
OpenSea is an American non-fungible token (NFT) marketplace headquartered in Miami. The company was founded by Devin Finzer and Alex Atallah in 2017. [1] [2] OpenSea offers a marketplace online allowing for non-fungible tokens to be sold directly at a fixed price, or through an auction.
• Spoofing - used by spammers to make an email or website appear as if it's from someone you trust. • Phishing - an attempt by scammers to pose as a legitimate company or individual to steal someone's personal information, usernames, passwords, or other account information.
In mid-July, Verified Market Reports stated that the global NFT market had reached nearly $11.32 billion and was on pace to top $232 billion by 2030. With that much money changing hands, one thing ...