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    Home » News » There’s a new NFT scam and it’s cheeky as hell

    There’s a new NFT scam and it’s cheeky as hell

    By Bryan TeohFebruary 2, 2022Updated:January 27, 20232 Mins Read

    Crypto and NFT scams are getting more creative, more sophisticated, and you can never be too cautious in protecting your digital assets these days. As the National Football League’s (NFL) Super Bowl LVI is just 2 weeks away, a new scam has surfaced in the NFT community.

    New NFT scam
    Scam Alert! Credit: @MetaBored2648
    New NFT scam
    Scam Alert! Credit: @BigBullGashi

    The Scam Breakdown

    Basically, NFT holders will receive an invitation from the ‘NFL commissioner’ to use their NFTs in the Super Bowl halftime commercial. The selected NFT owners need to respond to the invitation by providing their security phrases before February 5. In return, they will receive a WETH offer. Unsurprisingly, NFT holders that were selected consist of those that hold blue-chip projects such as BAYC.

    Several NFT holders have shared their invitations on Twitter. Sadly, there are still many who are not aware of this scam. Based on the Twitter comments, some have even expressed their admiration towards those that have received such invitations.

    Many NFT headlines are currently circling the community regarding the NFL Super Bowl’s NFT integration. For instance, the NFL released a series of commemorative virtual tickets to create more one-to-one experiences for fans. In addition, several Twitter influencers have stated the possibility of the Bored Ape Yacht Club being featured in the Super Bowl halftime show. The NFT hype surrounding this mega event may lead owners of notable NFT projects to fall for such scams.

    Interestingly, NFT scams are so rampant these days that some insurance providers are already providing coverage for digital assets. In any case, the rule of thumb is very clear: NEVER give away your security phrases.

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    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.

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    Bryan Teoh

    Bryan is a content writer based in Malaysia. Aside from food and sports, his interests include blockchain, cryptocurrencies and NFTs.

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