Now whether it is domestic or foreign, the relevant NFT projects are very hot, the number of people involved is very large, although there have been a large number of NFT platform public accounts have been blocked before, and it has not prevented the rise of NFT heat, but it is also because of such a high heat, the NFT market scams are also emerging.
Recently, some users have found that there is a "nesting doll" trap in the relevant NFT projects they participate in. The user buys the NFT Membership of this project, but finds that this NFT gives another right to buy the NFT Membership of another project; and the NFT Membership of another project has to let the membership of the next level of NFTs be carried out one by one.
If you think about it, isn't this a consumption trap that allows users to automatically jump into, fall into the trap of endless loops, and go around in this "matryoshka- style" scam and never find an exit?
In fact, on the surface, the NFT is very hot, and the fire is very sudden, everyone thinks that the NFT project will be very valuable, in fact, the core of the NFT project is just a picture, itself is actually no value at all, some NFT projects issued pictures do not even have collection value, can only be used as avatars, show off on social platforms.
Some users also found that in the process of using some digital collectibles platforms to cast NFTs, there is a "file upload", uploading the picture you want to choose, and the uploaded file supports JPG, JEPG, PNG, GIF, SVG and other formats; after successful uploading, it is stored on the centralized server, and only a string is recorded on the blockchain as anti-counterfeiting authentication.
It can be seen how low the cost of making an NFT picture is, any picture can be, and anyone can be the project party, and the value of the NFT picture that finally hyped up can reach tens of thousands, millions, or even tens of millions, so high profits, no wonder everyone has to drill into the NFT market.
For the hype of NFT pictures, the project side also has a routine: an NFT was issued, a few in the hands of the player, most of them in the hands of the project side, and then the project side left hand to the right hand, pushing the price up, and then selling it at a high price after the heat. The recent explosion of moonbirds NFT, such a situation has emerged.
Therefore, the bubble in the NFT market is very obvious, reminding users, do not go to the second-hand collection of others to speculate on the price, because the project will collapse at any time. Once you take over, it's really easy to smash into your own hands.