Beware of Fraudulent NFT Schemes Disguised as Investments
The NFT market has seen remarkable growth, attracting both legitimate projects and deceptive schemes. Some platforms present themselves as NFT trading marketplaces but operate more like Multi-Level Marketing (MLM) Ponzi schemes. These schemes often rely on a click-to-earn model and a recruitment-based compensation system, making them highly unsustainable in the long run.
Key Warning Signs
🚨 Unrealistic Returns – Promises of fixed daily profits (e.g., 4.3% to 6.8%) are classic Ponzi indicators