What's a cardinal mistake that new entrants to crypto fall for, time and again, inevitably resulting in rug-pulls and lingering bad feelings directed to blockchain tech? Investing in a project with no prominent backers or no visible leaders. Many anonymous projects, most conspicuously generative art, present themselves alongside Bitcoin or CryptoPunks as following the model of offering no transparency or authentic community, but still demand exceptionally high valuations.
NFT Investing Primer
NFT Investing Primer
NFT Investing Primer
What's a cardinal mistake that new entrants to crypto fall for, time and again, inevitably resulting in rug-pulls and lingering bad feelings directed to blockchain tech? Investing in a project with no prominent backers or no visible leaders. Many anonymous projects, most conspicuously generative art, present themselves alongside Bitcoin or CryptoPunks as following the model of offering no transparency or authentic community, but still demand exceptionally high valuations.