Scammers Spread Fake Reddit NFTs on OpenSea
OpenSea has delisted a suite of counterfeit Reddit NFTs purported to exploit the hype generated by the social media giant’s foray into Web3.
The popularity of Reddit’s official NFT Collectible Avatars shot up dramatically this month, with daily transaction volume setting a new record on Sunday of over $2 million.
Reddit’s NFTs provide certain perks (such as standing out in comment sections), but its biggest draw allows users to own their display avatars (profile pictures) and trade them via marketplaces such as OpenSea.
But the platform has, so far, let at least one fraudulent NFT collection —- the images of which had apparently been right-click saved — mingle with the legitimate tokens viewable via Reddit’s official OpenSea collectibles page for at least 24 hours, according to two sources familiar with the matter.
META & NFT WORLD
