NFT EveningNFT Evening
    Facebook Twitter Instagram Reddit
    NFT Evening NFT Evening
    • NFT News
      • Collectibles
      • Crypto Art
      • Blockchain games
      • Metaverse
      • Music
      • Interviews
      • Columns
    • NFT Guides
      • Top NFT Projects
      • Top Blockchain Games
      • NFT Marketplaces and Tools
    • Learn here!
      • What is an NFT?
      • How to keep your NFTs safe
      • NFT Glossary
    • NFT Calendar
      • NFT Drops
      • NFT Conferences
      • NFT Launchpad
    • Newsletter
    NFT EveningNFT Evening
    NFT News

    Home » NFT News » The NFT Community is fighting back against rugpulls by anonymous devs

    The NFT Community is fighting back against rugpulls by anonymous devs

    By James EllisJanuary 10, 2022Updated:September 21, 20222 Mins Read

    The NFT ecosystem continues to grow at an exponential rate. Many people are entering the market, looking for an NFT project to invest their hard-earned money in. Now, people are asking, is it time to end the cult of Anonymous developers (devs)?

    For most people, this is the first step into the NFT world, but some are having a horrible experience as rug pulls become more frequent.

    Screenshot of a tweet by Untamed Adam @adamagb who is asking fair questions about anonymous devs in the nft space
    @Adamagb thinks it is time to stop entering projects with Anonymous Devs.

    New NFT projects emerge every day, and due to the market’s growing popularity, many sell out very quickly. However, unfortunately, not all of these projects are legitimate. Some are cash grabs by anonymous devs who see the market as a chance to make as much money as possible.

    Recently, an NFT  project called Frosties sold out, making the developer $1.2 million. Shortly after, the anonymous devs deleted everything and disappeared. This scam left many people out of pocket with an NFT that probably has no future.

    A lot of the time, these devs generate multiple NFT projects simultaneously. Perhaps, as we enter the new year, it is time to begin questioning how these projects operate.

    Twitter is beginning to turn the tide on Anonymous devs

    Now, several Popular crypto Twitter influencers want to end this. Zeneca has also asked the question to his followers, asking them to stop ‘aping into projects with anon devs/teams?’

    screenshot of a tweet by Zeneca asking people to stop entering projects with anonymous devs
    Zeneca is asking important questions that need answering about Anonymous devs.

    People also favour anonymity, as it is a massive part of the crypto culture. Many people consider themselves at risk if they doxx themselves. Therefore, there are legitimate concerns about remaining anonymous, especially for devs.

    Finally, if you are going to enter a project, always remember to do your own research (DYOR). Check out our guide to protecting yourself and your NFTs.

     

     

     


    All investment/financial opinions expressed by NFTevening.com are not recommendations.

    This article is educational material.

    As always, make your own research prior to making any kind of investment.

    NFT Rug PullNFT Scam
    Previous ArticlePablo Stanley, Robotos NFT Founder, Ended up in Hospital Due to Stress
    Next Article Brazilian Football Club Vasco da Gama Announce Excting NFT Tickets
    James Ellis
    • Twitter

    James is an English teacher and freelance writer with a passion for NFTs, football, film and technology.

    More great NFT Evening content:

    Experience Digital Fashion: Weekday and The Fabricant Introduce Artifact 001

    June 7, 2023
    A picture from British artist Robert Alice.

    Robert Alice: NFT Artist Takes on Historic La Monnaie de Paris

    June 7, 2023
    Cathie Wood is one of the headline speakers for Christie's Art + Tech Summit

    Gucci and MoonPay Join Christie’s for Art+Tech Summit at Rockefeller Center

    June 7, 2023

    SEC Files Restraining Order Against Binance, Sues Coinbase – Yet Trading Volume Soars!

    June 7, 2023

    Luxury Fashion and Web3: 9dcc x Stapleverse Collaboration

    June 7, 2023

    PUMA, LaMelo Ball, and Gutter Cat Gang Collaborate for Limited-Edition Hoops NFT

    June 7, 2023
    Step into the World of Louis Vuitton: Access Immersive Experiences with the VIA Treasure Trunk NFTs

    Digital Luxury Unleashed as Louis Vuitton Presents NFT ‘VIA Treasure Trunk’ Experience

    June 7, 2023
    Binance's Resilience Shines: Bitcoin NFTs Thrive Amidst SEC Complaint

    Binance Dives into Bitcoin NFTs: Marketplace Grows Despite SEC Complaint

    June 7, 2023

    NFTevening is the biggest website for NFT news. We cover; breaking news, upcoming mints, plus, interviews with top NFT artists and projects. Put simply, we are the best place for new and experienced non-fungible token fans — making content fun & accessible

    Privacy policy
    Terms and conditions

    Article Categories
    • Blockchain games
    • Collectibles
    • Columns
    • Crypto Art
    • Interviews
    • Metaverse
    • Music
    • NFT Guides
    • NFT Marketplaces and Tools
    • NFT News
    • Sponsored Content
    • Top Blockchain Games
    • Top NFT Projects
    NFT Calendar
    • Today’s NFT Drops
    • Upcoming NFT Drops
    • Solana NFT Drops
    • NFT Calendar
    • NFT Calendar : Add Your NFT Event
    Get In Touch
    • Advertise (Media Kit)
    • Job Opportunities
    • About Us
    • Contact Us
    • Newsletter
    NFT Beginners Guides
    • How to Sell NFT Art
    • How to Create NFT Art
    • How to Display NFT Art
    • How To Make Passive Income With NFTs
    • Best Crypto Wallet
    • Best NFT Coins
    • Best NFT Rarity Tools
    • What is a DAO ?
    • What Are Crypto Gas Fees ?

    Type above and press Enter to search. Press Esc to cancel.

    Go to mobile version