Madrid, Spain May 19, 2022 (Issuewire.com) - With the advancements in digital media and technologies, human beings have found many new opportunities to earn revenue online. Blockchain and NFT investments have become the biggest trend of the era. They are offering great scope to individuals for profit-making. However, many people are also indulging in harmful scams due to the increased influence of modern technologies. The main threat occurs when people are least aware of the profit-making solutions presented and get trapped in some non-reliable platforms.
Digital assets or better known as non-fungible tokens (NFTs) have been a matter of great interest in the year 2021, and people are more excited to leverage the benefits of this new opportunity. Unfortunately, people are also getting scammed in the name of NFT investments around the world. It is high time to learn to evaluate the authentic and unauthentic platforms for NFT investments; otherwise, they may cost huge losses to individuals.
Neo Hunters NFT: Legit or Scam
Whether you are a long-term investor or have started your investment journey just now, it is important to understand the rug pull threat in the industry. One such rug pull is currently making highlights on Twitter with the name Neo Hunters NFT. They are trying to capture the attention of investors around the world with their advanced social media promotional strategies; however, the experts in the NFT sector have found that this collection is a complete rug pull.
Evidence reveals that they are simply stealing the cyberpunk NFT art from other reputed platforms and are promoting them as their own to fool the public. Moreover, they have no plans to develop the p2e game in the future. Therefore, the investors will not be able to get any returns from this platform.
If you are also planning to invest in this NFT in the near future, it is good to read this article first. Here we have provided you with some valuable details on why you should think twice before investing in this frightening scam.
What is rug pull in NFT?
The term rug pull is generally used by experts in the crypto community to describe a scam. It involves founders or developers of the project that are unlikely to fulfill their promises once they receive funds. In simple words, founders may run away after getting huge investments from people. Such types of scams have now become common in the NFT and crypto world.
Rug pull can be easily confirmed when the founding team of a project is anonymous, as this strategy allows them to disappear quietly. Experts state that knowing about the founding team of an NFT or crypto project should be the first task before planning to invest. The market credibility of that person or team will decide if the project is legit or not.
As the crypto space is continuously evolving, people are looking for new ways to outsize profits; especially those who are bankrupt in actuality. In most cases, these people start luring the audience towards some fake products or unrealistic offers with some bigger claims on profit-making.
Experts believe that the Neo Hunters platform is also confirmed as a rug pull in the NFT world, and it may affect large numbers of investors across the world. The developers on this platform are trying to attract the attention of the target audience towards their NFT art, but evidence shows that they do not have anything authentic to present.
Although the company is also planning to develop a game with their NFT artwork concept to help investors make money, this is a total scam. Experts believe that these developers will pay nothing to the investors, and they may escape from the market without fulfilling their promises. Therefore, it is necessary to be safe and make thoughtful decisions about your investments.
Some of you may be interested to know how one can tell or identify if an NFT is a scam. We have already mentioned that the most important aspect in this decision-making is the anonymous identity of the founders. However, you can also get some idea if their social media, website, and giveaways platform look fishy. It is just because they are making efforts to get quick profits so that they can run away soon. Experts advise checking different platforms to observe the online presence of the NFT before making any investment decision.
It is important to do Google Search and observe different social media platforms to know more about the NFT project. You can also check about the founders to get some background information on their credibility. The poorly written profiles, improperly designed websites, and lots of errors in content raise the red flags.
If you are interested in making profits from NFT, it is better to look for some reliable option in the market instead of Neo Hunters. They do not have the desired reputation in the market. The worst part is that they are using NFT artworks from some other developers and are trying to fool the public with false claims. They are attracting people to make huge profits in one go, and such strategies can often put people in trouble. They are least likely to come up with a P2E gaming solution for the audience, and investors may find lesser opportunities to make profits out of this NFT.
Experts advise gathering all relevant details about any NFT and its founders before making a final investment decision. Awareness is the best solution to stay away from scams. Instead, you can look for some other reputed names and brands in the market to make investments and to ensure healthy returns with short-term as well as long-term profits.
Media Contact
Neo Hunters NeoHuntersNFT@gmail.com
