These scams commonly occur in the secondary market. They occur mostly with the reselling of NFTs that have already been purchased once. These scams are executed when you list your NFTs for sale. Bidders might change the cryptocurrency used without your knowledge. This cryptocurrency change could have you earning a much lesser amount than you are supposed to. Take, for instance, how 5 ETH has a different value from $5, even though the figures are the same.
Documentation
- Complete NFT Course
- OpenSea: A Step-by-Step Guide to Understanding It
- OpenSea is the first and largest general marketplace for trading non-fungible tokens (NFTs).
- What Are NFTs and How Did They Get So Popular?
- What Are dApps?
- What Is OpenSea?
- How does it work?
- How to use it
- Listing Your NFT
- Search Options to Discover NFTs
- Making an Offer
- Purchasing an NFT
- Locating Your NFTs on OpenSea
- Analytics for Sellers
- The proliferation of NFT clones
- Exploitation through the use of bots
- Phishing Attacks
- Our Conclusion
- OpenWord’s Anti-Plagiarism System
- OpenWord.io Monetizing Text Content in the Web3 World