My Article series on NFTs This is a continuity of my post on NFTs of 09-04-2022. Today's topic is background check before investing in NFT 07-05-2022
image sources MY NFT COLLECTION
Introduction
Basic knowledge before investing in NFT
What to do
On the 09-04-2022 I mentioned fractional NFT. Basically an NFT might be a development of group of people, and the success of the project is completely dependent on the determination of the group of developers the project. For this reason any NFT you want to buy follow creators social media platform to be sure that he or her have produce NFT before.
NOTE some times people creat fake social media accounts to scam to defraud investors, so when joining any account make sure there's a blue tick, which shows that the account is verified.
MY NFT PROJECT
Identity of a unique NFT project
Finally before buying NFT you need to figure out your risk tolerance and how much you are willing to lose if it depreciates.
Conclusion
Thanks
@steem
@steemit
@steemexclusive
@steemalive
@patjewell
@focusnow
@ijelady
@ijebest
Exactly my sis, thats why we need to be very careful .
You can say that again @donpearl
It will be better your power up is more than your cash out, i will encourage you to always power up immediately you cash out to be on safe side, you are in club now you may not be there tomorrow so power up more steem
Thank you @divineeko for helping us to be alert when clicking link or Joining any NFT
Club #5050
Steemexclusive Yes
Bot No
Plagiarism No
Number of words 364
Thanks @ijelady I will stabilize and grow
You don't need repeat all those things @divineeko