How You Can Make Millions by Selling NFTs (spoiler: you need low moral standards)
Lana Rhoades and Jake Paul are two of the many who give selling NFTs a bad name. It’s easy to see why so many think of schemes and scams when they hear about NFTs or cryptocurrency. Creators like Rhoades and Paul are the reason it’s easy for people to assume that the only way to make good money by selling NFTs is by ripping people off via rug pulls or pump and dump schemes.
What kind of NFT schemes are there?
There are more than a few types of NFT schemes out there. However, there are a few that are more common than others. A popular one is phishing, and a high profile example of this is when a Chinese University student lost $548,000. The student had clicked a link that gave hackers access to that individual’s data and personal information, leading to NFTs being stolen from the student.
Jake Paul and Lana Rhoades were both involved in a rug pull NFT scheme, which involves telling people about a project, starting the development process, and, after individuals have invested in it, abruptly shutting the project down. Millions of dollars have been lost by investors, and in Rhoades’ case, she hasn’t returned any money and has avoided speaking out much about it. Neither have issued an apology to those who were involved.
Why do NFTs attract bad people?
NFTs operate on blockchain technology, which emphasizes transparency, integrity, and being responsible and in control of your own finances. It offers those who are interested in investing a way to do so without having to get a financial advisor involved. So what about this attracts the wrong crowd?
NFTs and blockchain offer the allure of financial freedom and making it big with investments. Both are possible, but it also involves investing at the right time and luck. Preying on people’s dreams and efforts to make money has always been attractive to a certain crowd, and this is just the newest way to do so.
That, however, doesn’t mean that NFTs themselves are bad. NFTs are, objectively, simply an investment option that are available to anyone and everyone. Anybody can mint them, anybody can buy them, and anybody can sell them.
How do we avoid the scams and schemes?
The best way to avoid scams and schemes is to simply create your own NFT collection. Why not become the antithesis of the horrors we see in the cryptoworld today? What better way to improve the reputation of NFTs than by creating an improved product yourself?
Many may think that it’s impossible for them to create NFTs due to an inherent lack of skill or knowledge, but that’s not true. Projects like Forkchain allow anyone to create their own NFT collection without any prior experience. It’s similar to how Wordpress allows individuals to create their own websites without any coding or web design experience.
Forkchain offers everyday people everyday solutions to creating their own NFTs and, therefore, another stream of income that can be earned honestly and with integrity.
Company Website:
https://forkchain.io/
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