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TM
WTF IS AN NFT
A quick guide into the NFT space.
DYOR:
Do your own research before jumping in. There are no guarantees.
Buyer Beware:
NFTs are highly volatile and can be dangerous. Only buy what you can afford to lose. Enter at your own risk.
FOMO:
Fear Of Missing Out. It happens when a buyer fears that they will miss out on a once in a lifetime drop. Caution! It can blow up in your face.
Rug pull:
Happens when the developer of a project metaphorically “Pulls the rug” from underneath the investors' feet taking all of the money and leaving them high and dry.
Pump and Dump:
A Pump and Dump is the silent killer of hopes and dreams. It is a scheme to artificially inflate the price of an object, then once said object reaches a desired price point, the scammers pull all of their financial resources out taking all of the profit and subsequently deflating the value of the object.
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