Blockchain Blog — blog

Is Web 3.0 a Scam?

Posted by Micah Balazs on

Blockchain technology is based around a worldwide network of computers that talk to each other and validate and record transactions without human intervention or a centralized oversight, like central banking. Web 3.0 is piggy backing off that concept. 

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3 Most Common NFT Scams

Posted by Micah Balazs on

Blockchain-related activity isn’t any different. Illegal activities happen wherever a profit can be made. There are numerous reasons why NFTs are gaining momentum in the scam world.

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3 Ways to Avoid NFT Scams

Posted by Micah Balazs on

Anyone can be a victim of brand impersonation. A quick search for popular brands like Rarible on Telegram or Twitter will generate multiple accounts all claiming to be the original. Even crypto literates and tech-savvy users who do not thoroughly examine the identity of support services can fall prey easily.

Always Do Your Own DD.

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Rug Pulls Heard Around the League

Posted by Micah Balazs on

Fox has been accused by his NFT holders of rug pulling, which is a common tactic that happens in the space. Project founders will raise money and walk away with all of the funds, shutting down communication channels on their way out to make it more difficult for investors to organize.

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Mental Health Awareness Raised by Robin WIlliams Son

Posted by Micah Balazs on

The artwork is inspired by Williams’ family and, in particular, his father. The image, which features a large glowing heart against a dark background. The heart represents so many good things about Robin Williams, especially love.

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