How can I distinguish between legitimate NFT projects and potential scams in the cryptocurrency industry?

1 answers

• Dec 25, 2021 · 3 years ago
  As an investor, it's important to be cautious when evaluating NFT projects in the cryptocurrency industry. One way to distinguish between legitimate projects and potential scams is to look for projects that have a strong and active community. Legitimate projects often have a dedicated following and active participation in discussions. Additionally, consider the project's reputation and track record. Look for projects that have been around for some time and have a history of delivering on their promises. It's also a good idea to check if the project has been endorsed or supported by reputable individuals or organizations within the industry. Remember, always do your own research and never invest more than you can afford to lose.
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