Fincade’s Pre-Investment NFT Project ‘Red Flags’ Checklist (Non-Financial Advice)

The NFT space has been going crazy in recent months.

This has attracted a lot of attention, some more negative than others. In the past 2 months alone, US$30M has already been lost to NFT rug pulls.

Most recently, the ‘Evolved Apes’ NFT creator (very aptly named ‘Evil Ape’), rugged his/her users — making off with more than US$2.7M of their money.

For many of you, this makes the crypto space an even scarier one than it already seems, and most of you reading this might be thinking inside that there is NO way you are investing in NFTs because of how rife scam NFT projects are.

Here’s the thing though: this space is scary and dangerous only because people rarely put in effort and time to do their own due diligence.

Granted, sometimes it is also because of a lack of knowledge and expertise, but that is what Fincade is here for — to educate, help and raise awareness!

If you are interested in an NFT project, but am unsure if it’s a safe bet/if they are likely to rug, we suggest using our “Pre-Investment NFT Project ‘Red Flags’ Checklist” to give it a score first!

Based on our scoring metrics, you can then make a more informed decision on the project!

Take note that whatever we have/say should NOT be construed as financial advice of any form.

If you have any queries, feel free to:

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