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How do I stay safe while minting and buying NFTs?

When considering an NFT project or individual, it's important to be aware of potential red flags that may indicate a scam or cash grab. Some things to look out for include:
  • Accounts that have gained a large number of followers in a short period of time
  • A lack of transparency or doxxing from the team
  • Questionable origins of the art used in the project
  • A lack of clear purpose or innovation in the project
  • Use of bots for social media engagement
  • Unrealistic promises and non-ethical marketing tactics
  • Restrictions on asking questions or seeking more information
  • Heavy reliance on paid marketing
  • High mint prices without corresponding quality or uniqueness in the NFT collection. It's important to keep these potential red flags in mind while evaluating NFT projects and individuals, but also to remember that not all projects with some of these characteristics are necessarily bad actors. It's always a good idea to do your own research and exercise caution when investing in NFTs.