Premium Only Content

NFT Scame? NFT insurance might be the answer!
Source: Forbes.com
URL: https://www.forbes.com/sites/lcarrel/2022/01/28/as-nft-scams-grow-in-number-nft-insurance-hits-the-market/?sh=624c33a77bcb
Title: As NFT Scams Grow In Number, NFT Insurance Hits The Market
The crypto art industry hit a market cap $2.3 billion this month across different platforms, according Finacepr.com, up from $409 million on Dec. 1, a 460% surge in just two months.
“NFT scams are becoming increasingly common in line with increased ownership and the sophistication of technology making it easier for scammers to target investors," said Adam Morris, co-founder of NFT Club, an NFT educational site.
The scammers adapt to the changing technology and create updated versions of old grifts. A major danger is the complex world of copyright.
There's been a surge in replica and fake assets made to look like originals, said Morris
Investors need to verify the assets because scammers copy collections and try to sell counterfeit NFTs. Prominent NFT marketplaces have reported tales of rampant counterfeiting and art theft. But even verification isn't 100% guaranteed as the Big Daddy Ape Club investors found out.
While there are tools you can use to verify websites, the best recommendation is to stay on legitimate sites, such as NFT marketplace OpenSea.
Even so, scammers impersonate support staff at OpenSea and Metamask, a crypto wallet site, or contact users on the social media platforms Twitter and Discord. They want people to expose security phrases or send links to fake customer service websites.
#NFT #NFT Scams #OpensSea
-
LIVE
JdaDelete
13 hours ago $0.21 earnedDuke Nukem 3D | Sega Saturday
87 watching -
LIVE
Behunted
5 hours agoITS HOT HOT WARZONE MAYHEM !! PEW PEW
35 watching -
58:49
Tactical Advisor
4 hours agoUnboxing Tacpack/New 1854 Lever Action | Vault Room Live Stream 029
80.3K7 -
LIVE
Mossy
3 hours ago🔥RumbleCraftSMP🔥sesh time tap in🔥DUCKY IS ON??🔥#RumbleTakeover🔥
29 watching -
1:14:49
Mike Rowe
21 hours agoDavid Mamet Pulls No Punches When It Comes To Hollywood & Politics | #440 | The Way I Heard It
53.2K26 -
4:11:56
Beyond_Bitz
3 days agoMetal Gear Solid 2 - Part 4 - Finale
4.9K -
LIVE
ttvglamourx
5 hours ago $2.66 earnedPLAYING WITH VIEWERS !DISCORD
112 watching -
15:19
T-SPLY
19 hours agoMayor Busted: Nashville Mayor Not Concerned Over Leaking Federal Agents Information!
39K101 -
14:05
Mrgunsngear
6 hours ago $2.95 earnedHolosun 507 Comp Review: The Best Pistol Optic?
28.2K7 -
4:15:39
MDGgamin
7 hours ago🔴LIVE - Wake Up Stream Repeat!! - Variety of Games & Chatting - #RumbleTakeover
21K