Whenever you are interested in an NFT project, the first thing to do is check and verify the developers’ identity behind the project. You should pay attention to the reviews these developers have received in the past. Also, look out for signs of fake followers, as this can be a red flag. Furthermore, check the history and wallet records of this project. This can help you detect shady transactions. It also helps the credibility of a project if it has an active community behind it. Lastly, it would help if you used burner wallets to limit the funds you want to commit when investing in unfamiliar projects.
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
- Home
- Documentation
- Complete NFT Course
- Avoiding NFT scams as a beginner
- Avoiding NFT Scams
- Research NFT Projects