A scam is any fraud or fraudulent activity. Scams are prevalent when money or cryptocurrency is involved. Since emerging technologies like blockchain and Non-Fungible Tokens (NFTs) are technically complicated and directly related to money, they have become a haven for scams. The threat landscape for NFT scams is vast and constantly growing. Always do your research to avoid being the victim of an NFT or crypto art-related scam. Protect your funds, private keys, and wallets very closely since once you lose an NFT or crypto-asset due to fraud, it can be nearly impossible to get your assets back!
NFT Term
Scam
Definition of Scam from the NFTguild.com glossary.

