Blockchain Blog — nft 4 newbies
Refunds on your NFT purchase?
Posted by Micah Balazs on
In a blog post, OpenSea exec Alex Atallah wrote that while the issue has been discussed as an “exploit” or a “bug”, “the reality is that it’s a fundamental feature of blockchain marketplaces: only the person who lists an item for sale can cancel that listing.”
Such a Thing as an NFT Bubble?
Posted by Micah Balazs on
NFT scams and bubbles are everywhere today. You should definitely be cautious. After all, the whole point of NFTs is the transparency of ownership and authenticity, so always study information on how these bubbles and scams are happening in the first place and what can you do to avoid them.
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.
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.
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.