Some NFT marketplaces have a lax verification process for digital artists listing NFTs. As you would expect, this often leads to the proliferation of counterfeit NFTs. The way this works is that bad actors turn works they do not own into NFTs and sell them. Once it becomes known that these works are, in fact, counterfeits, innocent buyers are practically left with NFTs that are valueless.
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