The popularity of cryptocurrencies gave rise to NFTs. Although launched in 2014, it was relatively new to the market; it saw a huge demand and popularity in 2021. Regardless, it saw a massive decline in early 2022 and continued well into 2023.
One of the many reasons for its downfall was due to rampant NFT scams. Scammers sold several fake NFT projects, stealing several million. Since then, many have lost interest in it.
As of 2025, NFTs are gaining popularity, and it is in your best interest to understand how to spot NFT scams and what the NFT scam warnings are. Since a single NFT is worth thousands of dollars, deciphering an authentic one from a fake one is important.
There are several fake NFTs flooding the crypto market, and if you intend to come across an NTF investment opportunity, then this article will prove useful.
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NFTs, or non-fungible tokens, are a digitized version of art. They can exist in several forms, such as audio, video, or digital portrait. Some games also sell virtual goods or in-game items. These are also in the form of NFTs.
Scammers create worthless NFTs or steal original NFTs and sell them on fake websites, phishing links, or fake promises. Such fake NFT projects have flooded the market, and the chances of finding a fake are higher than those of finding a genuine one.
The Mutant Ape Planet NFT project turned out to be another rug pull. Developer Aurelien Michel was charged for allegedly stealing over $2.9 million from buyers, abandoning the project and its promised perks once the NFTs sold out.
If you are interested in buying NFTs and want to avoid NFT scams, then follow these precautions:
You can take these NFT fraud prevention tips while you wish to invest in NFTs.
When you realize that you have fallen victim to an NFT scam, you need to act quickly. Take these steps before you report to the higher authorities.
The above-mentioned steps remain the same for all countries. We have mentioned country-specific steps below:
Alternatively, you can always seek professional and trusted help from Financial Options Recovery, a crypto recovery expert with the sole aim of recovering victims' stolen NFTs. We help you recover digital assets from crypto scams by evaluating your case and analyzing it efficiently.
The objective of this article is to raise awareness about NFT scams, including what they are, how to avoid them, and where to report them. Visit us to learn more about several scams involving cryptocurrency. By 2025, online games are using NFTs more and more, which encourages players to purchase, invest in, and sell them, a process known as NFT tokenomics.
NFTs (non-fungible tokens) are unique digital assets that represent ownership of digital art, music, video, or in-game items. People invest in them as collectibles or speculative assets, hoping their value will grow over time.
NFTs, or non-fungible tokens, are digital assets that represent ownership of unique items such as artwork, music, or in-game collectibles. Their popularity skyrocketed in 2021 due to the crypto boom, celebrity endorsements, and digital art sales.
Not all NFT marketplaces are secure. To reduce risk, stick to reputable platforms like OpenSea, Rarible, or Foundation. Always double-check the URL, contract address, and creator information before making a purchase.
No, never trust NFT links from ads or DMs. Always verify the official website or use trusted marketplaces.
Yes, but with caution. While the NFT market is recovering in 2025 and evolving through gaming and digital ownership models, scams still exist. Do your research, verify contracts, and always double-check before investing.
