A quick guide to 90% of NFT scam type news

A quick guide to 90% of NFT scam type news (it mostly falls into one of these categories):

  1. Rich person got hacked and they lost their NFTs and therefore, money. Hacker gets rich.
  2. Organization mints NFTs of stolen artwork and tries to sell them.
  3. Rich person/corporation is ruining the lives of regular people by mining crypto.
  4. Organization starts an NFT scam in order to get rich, then disappears.
  5. People have discovered that this organization is buying its own NFTs in order to create hype and make them seem more valuable than they actually are to outside people.
  6. Organization mints NFTs in “honour’ of people who do not or never would have wanted to be associated with NFTs.
  7. Person minting NFTs forgets that photographs exist.
  8. Crypto bros fail to understand how the real world works.
  9. Public figure/corporation backs out of NFT project after receiving heavy backlash.
  10. Hacker airdrops NFT malware into unsuspecting wallets.

And the worst thing is, I’ve seen small artists who are legitimately just trying to live off of their art get death threats on Twitter for making an NFT sale. Which… death threats are never a great reaction, but you’re definitely threatening the wrong person here.