Home Blog

Crypto Trends: Marketing 2022

Fantasy night sky planet landscape scenery sci fi digital art 3d illustration.

#crypto #cryptocurrency #blockchain #marketing #NFT #metaverse #DeFi #internet #knightsbridge

“In this hyperactive world of blockchain and cryptocurrency, insight into the next marketing strategy is Key“– Paul Ebeling

We here at Knightsbridge believe that these marketing trends will shape the crypto landscape in Y 2022, as follows:

Every business should pay attention to solidifying brand awareness in the metaverse and NFT industry. The metaverse is the next marketing frontier. So, establishing a presence in the virtual world will become Key, as it is on the internet or in the real world.

Metaverses give crypto projects a new start in targeting audiences through different methods. Metaverses provide the visual elements required for gaming while introducing users to DeFi concepts such as the popular play-to-earn model.

Plus, in-game items are created as NFTs to introduce a degree of scarcity to every item, as they are all unique. Every user in the metaverse can acquire these NFTs to personalize their experience and directly engage with your brand. Innovative technologies elevate crypto marketing efforts to a new level.

There is a certain appeal to influencer marketing that cannot be replicated by other means. Finding the right crypto bloggers or social media ‘celebrities’ to represent your brand can be very successful. The influencer marketing industry was valued $13.8-B in Y 2021, with further growth expected in the yrs to come.

At Knightsbridge we prioritize this to ensure we get high wire results when running a crypto marketing advertising campaign.

Discoverability on the internet is a powerful tool, but not all crypto projects succeed in achieving this level. Even though SEO is 1 of the oldest and most useful ways to enhance digital marketing, it is an ever-changing landscape. Search engines deploy different algorithms to ‘rank’ content and help crypto projects gain visibility.

Marketers need to stay hip to focus on the user experience and openly engage with the community. Prioritizing the user experience is Key. An empowering user experience will ensure visitors return to your brand and help it gain more momentum. That makes it the core of any crypto marketing effort.

User feedback and worth-of-mouth sharing is a social currency many crypto projects tend to overlook. Gaining the trust of users is extremely important in the competitive marketing landscape. Collecting feedback and engaging in an open dialogue are Top priorities. Every brand needs to create a communication channel between themselves and their clients to maximize the potential of word-of-mouth marketing.

As more internet users explore websites on mobile devices, it is essential to optimize your website accordingly. While a page may look good on a computer, that doesn’t guarantee the same user experience on a phone or tablet. Therefore, optimizing a website for all types of devices is a must.

A Key aspect of website optimization is page load speed. Visitors will not wait 5 secs or more to open a page. Therefore, crypto projects need to captivate the audience quickly, and the faster a page loads, the higher the chance of succeeding.

A Top consideration is the traditional foundation that makes crypto marketing so successful. Banner advertising and press releases are staples in crypto marketing. We here aat Knightsbridge have many yrs of expertise in press release services and banner advertisement placements to help crypto projects grow their audience.

The dedicated team at Knightsbridge will help clients compose the proper media plan for their needs, monitor the campaigns and optimize these efforts when the time is right. With us you can combine these powerful traditional marketing tools with new technologies and platforms, we are 1st movers and on Top of the wave, click here for more insight and information.

Have a prosperous day, Keep the Faith!

CEVA Logistics Assumes the role of Official Logistics Partner to Scuderia Ferrari

#Ferrari #CEVA #F1 #racing #logistics

$RACE

Maranello, 26 January 2022 – Ferrari (NYSE:RACE) is pleased to announce that, starting from the 2022 Formula 1 season, Scuderia Ferrari will be able to count on a new Team Partner: CEVA Logistics. The multi-year agreement will also see CEVA involved in Ferrari’s other racing activities in GT racing and the Ferrari Challenge, with the Marseille-based company taking on the role of Official Logistics Partner for those series. 

The company is a 100% subsidiary of the CMA CGM Group, a world leader in the field of shipping and logistics and CEVA Logistics will fulfil the role of Official Logistics Partner to Scuderia Ferrari. Its logo will feature on the side of the Maranello outfits cars, on the drivers’ race suits and on the team’s sportswear.

Mattia Binotto, General Manager and Team Principal, Scuderia Ferrari: “We are pleased to welcome CEVA Logistics as a new Team Partner to the Scuderia, a company with which we share the fundamental values of excellence, commitment, innovation and passion. In the world of motor racing, efficiency and organization are essential in order to achieve one’s goals in every area and logistics play a vital role in our daily activity, both at the track and in Maranello. With CEVA Logistics, we can count on a company that not only operates at the highest level in its sphere of activity, but is also particularly mindful of supporting us in achieving an objective that is key for Ferrari and Formula 1, namely becoming carbon neutral by 2030.”

Mathieu Friedberg, CEO, CEVA Logistics: “Ferrari is a world-renowned brand at the cutting edge of technology. This agreement is a natural fit for CEVA Logistics in our quest to become a Top 5 global logistics player, and as a Team Partner, we look forward to supporting Scuderia Ferrari in their quest to top the Formula 1 podium.”

Ferrari is The Aristocrat of the automotive sector.

Ferrari is 1 of the most recognizable brands in the world, even becoming the world’s strongest luxury brand in Y 2021, according to Brand Finance. Its Brand Strength Index scored 93.9 pts out of 100 and has a brand strength of AAA+.

Ferrari is among Morgan Stanley’s Top stock picks for 2022, ranking first on the Adam Jonas-led team’s list of favorite EV stocks for 2022. The stock has replaced General Motors as Morgan Stanley’s top pick this year. Ferrari designs, engineers, produces and sells luxury performance sports cars, and is a prospective big player in the EV sector.

Analyst Adam Jonas at Morgan Stanley holds an Overweight rating on Ferrari shares as well, as of January 2022.

Our overall technical outlook is still Bullish, all Key indicators are Bullish long-term. Ferrari reported strong earnings for Q-3 on 3 November and did the same for Q-4 and F-Y 2020 as reported on 2 February.

Ferrari finished Wednesday at 226.26 within its 52 wk range of 127.73 – 275.30 in NY, down from its all time closing high at 275.30 on 22nd November.

Key technical indicators are Bearish in here. The candlestick pattern indicated the confirmation of the break out at 196.01 on 3 November and confirmed.

The Key resistance is at 258.38, the Key support is at 225.88, our Key technical indicators are now Bearish.

Societe Generale places a Street high price target of $290 on RACE as compared to the average sell-side price target at 195.93. Most Street analysts still do not know how to view Ferrari.

Morgan Stanley called out $RACE a “sleeper” EV play as the firm can justify more than 100% of the company’s value with its ICE business. MS’s new price target of $350 reps more than 35% Northside potential for shares and is above the average analyst 1 yr target is at 208.64.

MS automotive analyst says, “Longer term, we see scope for Ferrari to offer a range of EV products at potentially higher prices than the average selling price of today’s Ferrari, while leveraging economies of scale on higher volumes.

Note: At the beginning of Y 2020 I called RACE at 230 by year’s end, the stock was trading at 165.22 on 1 January 2020, on 29 December 2020 it marked 233.66 intraday, an all time high

The Maranello Outfit’s shares were raised to Buy from Hold at HSBC, and Buys at Morgan Stanley and Bank of America.

UBS is now calling the stock at 365. I have not seen any other Street downgrades.

Ferrari will continue to create value in the long term as it becomes the world’s 1st Super Luxury brand.

Ferrari is a quality 1st long term luxury products investment, BAML raised its call to 270 long term.

I have raised my long term target to 375, a Strong Bull call, the strongest on the Street and am holding the mark during this recent profit taking, and seeing RACE as a buying opportunity.

Ferrari has an average rating of Buy and a consensus target price at 208.29.

Ferrari will continue to create value in the long term. Ferrari is a quality 1st long term luxury products investment, and I am calling it 375 long term, the Top call on the Street, and adjusting it to 250/share short term.

A number of large investors have recently bought shares of RACE, and Ferrari continues to buy back its stock in here.

The stock is considered defensive in the sector.

Have a prosperous day, Keep the Faith!

Health: Real Food Will Help Improve Your Life

#food #happiness #health #brain

We should all know that eating well is important for our physical health, but it is also essential for healthy brain function” — Paul Ebeling

Anything and everything that we put into our bodies affects us.

Healthy eating plans bring good results, but unhealthy eating habits: be it undereating, overeating, or eating poorly can cause some unwanted side-effects.

Undereating may cause fatigue, fainting and dizziness, dehydration, low blood pressure and irregular heart rhythms, not being able to withstand cold, and abnormal blood count and the list goes on.

Overeating is not any better for our bodies. Body pains and difficulties with physical activities, breathing problems, coronary heart disease, type 2 diabetes, stroke, high blood pressure and the list goes on.

Poor nutrition can not only lead to physical health issues, but also emotional problems including negative self-esteem and self-image, depression, anxiety and other mental disorders.

So, the 1st thing you need to do is recognize that the way you are eating is unhealthy and might bring you some very severe consequences. After recognizing the problem think of ways to get rid of the problem and think of the root of the problem and why.

Then begin to add healthy choices to your eating plan step by step. It can be small changes but they will go far. Eat a well-balanced diet with all types of nutrients.

Ultra-processed foods have little or no real food components. They have ingredients added to improve shelf-life or product texture, or to achieve a specific synthetic color or flavor. Manufacturers often make these processed foods with heat treatments and chemical processing that strip out nutrients like vitamins, minerals and fiber. They usually contain added ingredients like excess iodized salt and sugar, dough conditioners, preservatives, flavor enhancers and artificial colors.

When you eat processed foods, you are displacing healthy real foods from your diet. Over time processed foods will negatively influence your health. And many eat a lot of processed foods. A recent study found that children and adolescents get 67& of their calories from ultra-processed food.

Processed foods can be especially harmful to people with chronic health problems. For example, if you have heart, liver or kidney disease, you might need to be cautious with processed foods that have excess salt. If you have diabetes, you might need to read food labels for added sugar content.

Eating real foods can help you live a long, healthy life. Shift your eating plan away from nutrient-poor processed foods and make room for healthy plant Non-GMO and grass fed Organic animal foods.

Eat healthy, Be healthy, Live lively

Thailand Gaining Momentum in the Cryptocurrency Market

#Thailand #cryptocurrency #CBDC

…in 2022, all taxpayers who gained from cryptocurrencies, including investors and mining operators, are subject to a 15% withholding tax, while digital asset exchanges are exempt from such duties”The Bangkok Post

Thailand’s financial authorities are to regulate the use of cryptocurrencies as a means of payment despite fears their use poses a threat to the country’s financial sector.

The Bank of Thailand (BOT), the Securities and Exchange Commission (SEC), and the Ministry of Finance (MOF) issued a joint release, stating “digital asset business operators have expanded their business to cover services related to the use of digital assets as a means of payment for goods and services”.

The potential wider adoption of digital assets as a means of payment as well as their usage as investment in the cryptocurrency market could cause risks to businesses and individuals through “cybertheft, personal data leakage, or money laundering”, which has led regulators to build up strict frameworks for digital assets.

To further reduce risk to the financial sector of the country, Thailand’s central bank announced its intention to trial a central bank digital currency (CBDC) in Q-2 Y 2022.

With Thailand gaining momentum in the cryptocurrency market with retailers and real estate developers accepting digital assets as payments, the issue of regulation has become a priority.

The growth of the crypto market in the ASEAN country, including plans to launch its own utility token – the TAT coin – as part of a planned ‘cryptourism’ campaign, led Thailand to look at plans of implementing a 15% capital gains tax on profits from cryptocurrency trading.

Thailand saw 251 billion baht ($7.62-B) in digital asset trading transactions in November, data from the Securities and Exchange Commission showed.

($1 = 32.93 baht)

Have a prosperous day, Keep the Faith!

Is this the best time to invest in bitcoin?

This year, Bitcoin dropped 40% from its November pump of last year. This has stirred up a lot of conversation concerning the present and future value of Bitcoin. The reason for this is that the recent dip had been caused by an economic problem different from the previous dips caused by the Covid 19 pandemic.

Now a lot of people in the crypto space are wondering whether the recent dip is a good point of entry or not. If you are familiar with the crypto space you are aware that the cryptocurrency market can be very unstable. One minute the market is all green and the next minute there can be a drastic fall. 

Nevertheless, the crypto space is still a very viable place if you follow the market trend. 

Now back to the main discussion which is whether to invest in bitcoin now or keep your money. 

The first thing I want you to know is that no crypto expert can give a 100% guarantee on how the market will be tomorrow. The best they can do is base their analysis on the market trend, so I will not tell you whether or not to invest but I will provide you with some dos and don’ts before investing then you can base your decision to invest based on them.

Here are some things you should know before investing;

Today is always the right time to buy Bitcoin

With the trend of the crypto space anytime is a good time to enter but when to enter the trade depends largely on you. You need to find out which entry point is good for you by checking out the market trend. Bitcoin has been existing since 2008 and from the history of Bitcoin, it has always proven to bounce back regardless of the cause of the dip. Bitcoin is the father of all coins and it is going nowhere even if it dips

See Bitcoin as a long time investment.

If you are buying Bitcoin to make money quickly you might be disappointed, so see it as a longtime investment. According, to crypto experts Bitcoin, has been predicted to reach US$250,000 by 2025 and an enormous US$5million per bitcoin by 2030. Imagine buying now in the next 3-5 years how much it will be worth.

Buy with spare money

If you want to buy Bitcoin or any coin for that matter use money that you can afford to lose. This is because even if Bitcoin is the father of all coins you can’t always predict the market, so don’t buy Bitcoin now with any money you may need urgently, or will make you bankrupt.

Set a deadline to sell

Don’t just buy and leave your Bitcoin to grow without setting any goal for it. Also, don’t sell when the price is high or low have a selling goal and when you achieve it you decide to sell it or set another selling goal whichever it is it all depends on you.

Final note

Hopefully, you have been able to decide whether to invest in Bitcoin or not now. The Bitcoin in the last few days has been showing a pumping sign, so if you buying now ensure you are comfortable with the entry, invest 10% of your capital in the decentralized model, trade with logic and not emotion, so you don’t lose your money. 

Crypto Trading for Beginners

Crypto trading can be very rewarding and frustrating at the same time. Research shows that the fluctuation in price can be up to 20% in a day, making the market a very volatile one,

so one needs to be careful when trading. 

I understand that as a beginner avoiding losses can be a struggle, but taking some proper steps and putting some strategies into consideration can help you avoid or reduce losses.

Below are a few tips to help you out;

Always trade at: KNIGHTS

1. Don’t base your buying decision on low price alone

I know you must have heard or seen people in the space buying coins because of their dips, but a coin experience dip doesn’t always mean it is a good time to buy. Some coins drop and never come up again It may be that the developer has ghosted the community, so before buying a dip coin check out the market trend of the coin. This will help you decide better.

2. Don’t put your eggs in one basket

A lot of beginners make the mistake of investing in just one coin. This can be very detrimental if there is a huge dip in that coin, so spread your trading capital. For instance, if your trading capital is a tool of $500 you can buy 5 different coins and not just one. This way if one or two coins dip you can recover your loss from the other coins.

3. Use spare money to trade.

Many beginners come into the space with the mentality that they can make double, triple and more from their crypto investment. Yes while that is true your loss can also be very dramatic since the market is volatile, so invest money you can afford to lose and one that can make you bankrupt.

4. Don’t fall for scams

The crypto space just like any successful space is also saturated with scammers and hackers who are ready to dupe you of your crypto, so be very watchful. Here are some common ways you can be scammed or hacked;

  • Cloud multiplier scams: These scams come to you as a problem solver or someone that has your interest at heart, asking you to enter your wallet details in a link.
  • Spoofing: Hackers can tamper with the price of a new or an unknown coin promoting people to buy and then withdraw, making the price of the coin fall.
  • Scam wallet software: Before with the type of wallet software you use if it not the popular ones like metamask, coin base, etc. Desist from using them unless you’re 100% sure because scammers can use this wallet to steal your coins.
  • Fake coins: Some scammers can send you a link via email or use phishing sites to persuade you to enter your wallet details.

5. Don’t sell in a panic mode

As a beginner, it can be very tempting to quickly sell when your coin dips, but this is not always safe. Before selling ensure that the coin value has depreciated total by looking up the coin analysis. Crypto trading requires trading smartly and patiently, Knowing when to enter and when to get out is key.

6. Don’t forget your key phrase

When you newly open your crypto wallet you’ll be given a key phrase which is the key to grant you access to your crypto wallet if you want to withdraw, recover your wallet, or transfer it to a new device or browser, so keep it safe and don’t let it fall into the wrong hands. This is so you do to lose your crypto.

Concluding note

As a beginner, it is understandable that you may make losses at the beginning, that is okay even pros in the space also experience losses, but what you don’t want are redeemable or preventable losses, so with the above tips, you should be able to avoid or reduce them., Do you have any tips on how to avoid or reduce losses in crypto trading kindly share your tips in the comment section.

Always trade at: KNIGHTS

 

Today, the Mindset Encourages Thinking Not Knowing

#knowing #thinking #wisdom

Many people have lost touch with the magic and wisdom we hold” — Paul Ebeling

The prevalent mindset today encourages thinking and negates knowing.

Our rational, western culture teaches us to rely on logic, data, and what we can see with our eyes. This dependence on rational thinking has come at the expense of our deeper wisdom and inner knowing.

It takes patience and trust to honor our inner knowing, as the answer will not be immediate, it often needs to emerge and unfold.

Every time I honored the slow process, the results show up so quickly once I get clarity from inside myself and then take aligned action in the outer world. It turbocharges my ability to get what I want.

It is a knowing, not a thinking that gives me the answer.

Think back on your life, was there a time you just knew something?  What did that feel like? And how might you be ignoring or discounting your inner knowing right now?

To create work and a life you love, trust yourself more and take aligned action to support your inner voice.

Have a happy, prosperous day, Keep the Faith!

Health: Physical Activity is Important as We Grow Older

Shot of a mature couple out jogging on a sunny day

#health #age #aging #exercise #energy #fitness

As an older adult, I have learned that regular physical activity is 1 of the most important things we can do for our health. It can prevent many of the health problems that come with aging. It helps our muscles grow stronger so we can keep doing our day-to-day activities without becoming dependent on others“– Paul Ebeling

Researchers explain how and why physical activity was incorporated into the biology of humans. The study reveals biomedical and evolutionary evidence explaining that humans, evolving to live many yrs after their reproductive yrs, also evolved to be reasonably active in their old age.

Physical activity in our later yrs moves energy away from health compromising functions and in the direction of health prolonging body mechanisms. The researchers hypothesize that we evolved to stay physically active as we grow older, and in doing so to set energy aside for physiological processes which slow the gradual deterioration of the body over time. This protects against chronic conditions like type 2 diabetes, cardiovascular disease, and some cancers.

It is thought in Western society that it is normal to slow down and do less as we age. It however becomes Key to stay physically active as we age.

The human body requires physical activity to age well because we evolved to be active throughout life. Previously, daily physical activity was necessary to be able to survive, but today we have to choose to be physically active in the interest of health and fitness.

The good news: we do not have to be as physically active as a hunter-gatherer. Just 10 – 20 mins of physical activity daily can substantially reduce the risk of mortality. And of course eat real food!

Have a healthy, prosperous day, Keep the Faith!

The Top Tier NFT Marketplaces

NFT projects have captivated a lot of people into the NFT space with rare artworks, videos, and other collectibles. This has facilitated many artists and art collectors to also want to test the waters.

But finding a legit NFT marketplace to mint and trade collectibles as a newbie is very important, so you don’t get scammed.

Are you new to the NFT space, looking for a legit platform to mint, buy or trade NFTs?

In this article, I will briefly provide you with a list of the top 5 NFT marketplaces to consider buying or minting your NFT artworks.

Disclaimer: There are other legit NFT marketplaces. These are just the 5 NFT marketplaces I handpicked.

Here are my top 5 NFT marketplaces;

  • Opensea
  • Rarible
  • NBA top shot 
  • SuperRare
  • Axie infinity market
  • Knights (coming soon)

1. Opensea

Opensea is the first and largest NFT marketplace with a net worth of 13 billion USD. It has shown a significant amount of growth since its inception. It is a platform that empowers digital artists to mint, showcase and sell their digital artworks. There are a lot of NFT collectibles available here for collectors to browse through and buy.

2. Rarible

This is another marketplace similar to Opensea with a net worth of 14 million USD. Rarible is a community-driven and user-friendly platform for creators to mint their artworks and for collectors to buy and trade NFTs. Rarible, allows buyers to mint a limited supply of their artworks to increase the rarity of their NFT, making it rare and valuable. The platform also ensure that artists get royalties from all of their creations.

3. NBA top shot

This is a special NFT marketplace for basketball lovers. Only basketball-related collectibles are minted and sold here. It has a 1.9 net worth. The NFTs minted and sold here are memorable basketball moments of about 5 seconds video clip. These NFTs available here are limited, only a specific number will ever exist. This adds to their rarity and value. 

4. SuperRare

This is a marketplace similar to rarible but has been argued to be more high-end. This is because before any artist can be considered to mint and sell NFT on their platform. They’re asked to submit a sample of their works and if they like it. They will invite the selected artists to come and sell on their platform. 

5. Axie infinity market

The last one on the list is the Axie infinity market, based on NFT game minting and trading. It is considered one of the most expensive NFT marketplaces for minting and selling game NFTs. It is expensive because of the quality it offers digital artists and collectors. The axie infinity market is worth 1 billion and they were able to achieve this within a limited time and with a small base. 

Knights

The Knightsbridge DAO is the first-of-its-kind, a DAO with a Broker, Exchange, Chain, Consultancy, Service Provider, NFT Hub and an extensive and growing portfolio of Tech, DeFi and real world assets. The Knightsbridge DAO (Decentralized Autonomous Organization) as an organization represented by rules encoded as a transparent computer program, controlled by the organization members, and not influenced by a central government. As the rules are embedded into the code, no managers are needed, thus removing any bureaucracy or hierarchy hurdles. Taking the very best technology from a cross-section of industries to deliver the next step change in decentralization for financial services.

  • KNIGHTS is the Token controlling The Knightsbridge DAO
  • The Knightsbridge DAO taking Digitization on the road to mass adoption.
  • Creating a bridge that connects the Metaverse and the various Chains and Markets.
  • Available Q1 2022 on Exchanges
  • Buy 1 Knights and you will receive a free NFT at launch, buy 100 and your Knight will be a member of the court, buy 1000 and you will be at the Round Table.

Final note

And there you have it, the top 5 NFT marketplaces plus the next big thing to consider minting your NFT collectible and buying NFTs from. The NFT space is still growing and more efficient marketplaces are still coming up, so ensure to explore other NFT marketplaces.

How to avoid being scammed in NFT space

The Non-fungible token is a recent technological phenomenon in the digital space. It has achieved massive success within a short period since its Inception, proving to be a revolutionary technology with the capacity to turn artists and collectors into overnight millionaires. 

However, just like any new technology, the NFT space is not without its shortcomings. Recently, there has been a lot of rug pulling and hacking going on in the NFT space. A lot of people have complained about their wallets being hacked.

Not quite long ago a developer that goes by the name ‘Evil ape’ scammed a lot of people with an NFT project known as ‘Evolved ape’. After making 798 Eth (Around 2.7m dollars) from the project he ghosted the community. Another one is the  ‘Banksy NFT’ that made a whopping sum of $350,000 from selling a worthless NFT on Opensea. 

The reason for this scamming is that the NFT marketplace is still new and riddled with some security and authenticity issues. How can you protect yourself from falling victims to this vicious set of individuals? 

Don’t worry. In this article, I will share some tips with you that will help you avoid being hacked or scammed in the NFT space.

1. Conduct proper research 

Before buying any NFT verify its authenticity by researching them on google, social media platforms, and legit platforms like opensea to see how valuable they are. You can start by checking out their properties and description on their website or NFT marketplaces like Opensea, rarible, foundation, etc. This is because most scammers don’t stress themselves over providing detailed descriptions and properties about their NFT. You can also get to know whether or not an NFT is a scam or valuable when you go through their social media pages. This way you get to see what they are up to and what people are saying about them online. Trust me, there is always a loophole somewhere. You just have to do your homework.

2. Don’t buy unverified NFTs

Desist from buying unverified NFTs in the NFT marketplace. However, This doesn’t mean that all unverified NFTs are scams as verification may take weeks or months, but unless you are 100% sure don’t buy it.

3. Don’t give out your private key

Your private key is your seed phrase (password) which is personal to you. You will only need it when setting up your wallet, recovering your wallet, or transferring your wallet to another browser or device. This seed phrase is what gives you access to your wallet and if it mistakenly enters into the wrong hands all your crypto, stored in your wallet will be withdrawn. Hence, keep it safe and don’t give it to anyone disguising as an NFT customer support on any platform. This is because no Legit NFT customer support will ask you for your private key. In addition, don’t enter your private key into any pop-up or sign-up form sent to you via email or any phishing website. 

4. Learn to identify counterfeits

There are a lot of copycats in the NFT space that look very similar to the originals with little to differentiate them, but there are still ways to identify them. They include;

  • Low price. Ever heard the saying “If something is too good to be true then it is not true” Exactly it isn’t true!
  • Low sales volume or no sales volume.
  • No description or properties
  •  A purple ethereum symbol instead of gray with Eth word written on the polygon word.

5. Don’t jump on free drops

Don’t think you are lucky or something for getting a free NFT drop. They are most likely a means to dupe people.

6. Turn off your Dm on communication channels

There are many people on these channels with different agendas. Some are solely in this group to scam people. They will send you links to airdrops or disguise themselves as customer support on these channels, wanting to help you with any issue. Please be vigilant and note that no NFT customer support will ever DM you directly first to help you solve an issue. You may turn on your dm once in a while to integrate with trusted sources or verification bots. If not it is safe you turn it off for security reasons.

Concluding note

The above tips can help you avoid being scammed or hacked in the NFT space, but it is not a 100% guarantee. You can never be too careful, so don’t limit your precaution to just those tips. Ensure you carry out extra research to protect yourself. Lastly, NFT is a huge investment but never invest money you can’t afford to lose.  

- Advertisement -
Knights App

APPLICATIONS

HOT NEWS

Alien Worlds NFT Metaverse Has Launched

0
The decentralized and global Alien Worlds community, which has become one of the most used decentralized blockchain applications in the world, is pleased to announce that...