How to spot a NFT Scam ?

Frosties NFT Creators Stole $1.3M From Investors Then Vanished

How to spot a NFT Scam ?

Anonymous Founders is always the first Red Flag🚩

It means the founders don’t want to risk their personal reputation for the NFT Project.

“Roadmap execution” is the primary driver of any NFT project’s long term Valuation

Founders will not work for FREE.

What is there for the founders to work for the promised “Roadmap “

▪️How many #NFTs founders are holding

▪️As per the smart contract, will the founders get some percentage as royalty

“Frosties” is the first rug pull of 2022 but with more and more first time NFT purchasers joining the market, it’s just the starting of scams.

Scamsters are not using coding but social engineering.

They will prey on the FOMO of the investors.

#DYOR

Research about the founders

What’s the founder’s personal stake in the NFT Project

Read the Smart Contract

Don’t panic

No need for FOMO

We all are still early

#wagmi

#nft #nftcollectors #nftcommunity

NFT Project Frosties Creators Stole $1.3M From Investors Then Vanished

Read the detailed Frosties story here 👉 Frosties NFT Scam