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12. How to Avoid NFT Rug Pulls, Scams and Making the Same Mistakes I've Made

12. How to Avoid NFT Rug Pulls, Scams and Making the Same Mistakes I've Made

FromNFT 365 Podcast with Fanzo


12. How to Avoid NFT Rug Pulls, Scams and Making the Same Mistakes I've Made

FromNFT 365 Podcast with Fanzo

ratings:
Length:
42 minutes
Released:
Nov 23, 2021
Format:
Podcast episode

Description

Rug pulls aka when you invest in an NFT project and your investment turns to nothing as the founders were just there for a cash grab.   Official definition:  "The maneuver, known as a “rug pull” in cryptocurrency circles, occurs when a token's creators abandon the project by exchanging many virtual coins for real-world cash." The thing is when it comes to NFT rug pulls and even scams it really comes down to understanding the risk vs reward and the game we are all playing right now. We are investing our money in an idea/art that we believe is valuable and that we TRUST those behind the project in that they will deliver what they are claiming.   When it comes to those getting scammed right now we must do our best practices and protections not only against bad actors but against ourselves making simple yet massive mistakes.  - I share how I use a default wallet in my MetaMask that has nothing in it to help prevent myself from making a mistake - Must use official links/announcement channels in discord to send you to the ONLY links you click on where you are connecting your wallet. - Don't search Opensea for the project's name, go to the discord or website to find a direct link. - Test out transferring of crypto or NFTs in a small amount first to make sure you understand the process, timing and variables. - Being rug pulled or scammed doesn't mean you were stupid or not really for this space, it just means you have to do better to set yourself up for success.  Links mentioned in this episode:  Mint 365 Website: MintNFT365.com  CryptoDads NFT: https://www.cryptodadsnft.com/ BubbleGum Kids NFT: https://bubblegumkids.xyz/ DISCORD: HTTP://discord.gg/adhdcoin  ADHD Coins: ADHDcoin.com  ---  #Mint365 11.22 PogPunks! https://opensea.io/assets/0x1e1744ffd69296765f0447e88ac38be74a4ead13/2826/ Went with Pogpunks and minted this seems to be very rare one!  A Punks derivative at the center of the first NFT multi-chain metaverse generator platform. (edited)
Released:
Nov 23, 2021
Format:
Podcast episode

Titles in the series (100)

The first daily NFT podcast that's also buying an NFT every day for 365 days: NFTs 365 is hosted by Brian Fanzo aka @iSocialFanz Brian Fanzo is a Digital Futurist, Keynote Speaker and Web 3 Visionary that has worked with brands like IBM, Dell, Samsung, Twitter, SAP, Adobe, Oracle, UFC, AWS and MGM just to name a few! The first DAILY NFT Podcast powered by $ADHD coin on Rally.IO and includes short educational episodes, breaking news, emerging Web 3.0, metaverse, creator coins and cryptocurrency trends and exclusive interviews. When it comes to learning technology, Understanding Non Fungible Tokens as Newbies or Geeks. Brand adoption of web 3.0, blockchain, the metaverse, digital transformation, future of work, cryptocurrency, creator coins within the creator economy and technology innovation this is the podcast for you. If you are struggling to understand NFTs or don't know where to start with NFTs or maybe looking for NFTs for newbies this is the podcast for you. The focus is on helping you embrace change, be educated on where the future is going, motivated by what's possible at a high level while being inspired to be curious, fail forward and try something new. The future of business is a community and the future of marketing is relatability and in this web 3.0 digital-first world leading us to the metaverse, this podcast will help you see the future and plan today to make it happen. This is for managers of technology, marketers, sales, coaches, network marketers, and you traditional investors looking to embrace innovative technology this is the palce. Things like smart contracts, IP rights, metaverse, blockchains like ethereum, bitcoin, solana, cardona and also Palm, Rally.IO and more. Interviews are using Clubhouse, Twitter Spaces, Facebook LIve, Instagram Live and Linkedin Audio. There will be founders of projects, collectors of art both traditional art and visual art, creators looking to find developers to managers and executives looking to understand who they need to hire in the web 3.0 digital world. It doesn’t matter if you’re a gamer already playing in the metaverse or parent looking to understand the trends your kids are entering in with NFTs, cryptocurrencies, block chain and social tokens we will cover it all with this daily form. Brian is an international keynote speaker and has hosted 7 podcast that have included Adobe, Oracle, Dell, Ibm, UFC, Applebees and work brands like Vayner Media, Be The Change Studios, MGM Grand and more. We will be talk about removing the starving from starving artists while also covering the importance of storytelling in the Web 3.0 world and what digital artists must to thrive in this space. If you are looking for how to make money in 2022 and do what you love while loving what you do this is the podcast for you. This is the best NFT podcast in the Top 25 in all podcasting apps with evergreen content that also covers the trends of today and the future innovation of tomorrow. NFT365 is focused on translating the geek-speak around the creator economy, web3, blockchain, cryptocurrency and the metaverse with the goal of helping the audience HEAR the harmony between technology and humanity empowering us to re-imagine the digital future together.