ARTISTS. BEWARE OF NFT SCAMMERS.
NFT scams targeting artists on social media, especially platforms like Facebook, are increasingly common. Here's how this particular type of scam generally works:
1. Initial Contact
Scammers posing as buyers: The scammer often approaches the artist, pretending to be an interested buyer or someone wanting to collaborate. They usually offer to purchase the artist’s digital artwork or commission new work for use as NFTs (non-fungible tokens).
Compliments and flattery. The scammer might flatter the artist, praising their work, in an attempt to build trust.
2. Request for Artwork
The scammer may request high-resolution images of the artist's work, claiming they need the files to "mint" (create) NFTs.
They often pretend they are legitimate NFT buyers or are connected to a well-known NFT marketplace or platform.
3. Minting or Ownership Scam
Minting without consent: After receiving the high-resolution images, scammers mint NFTs of the artwork on blockchain marketplaces (like OpenSea or Rarible) **without the artist’s consent**. They then sell the NFTs, profiting from the artist’s work without sharing revenue or compensating them.
False ownership claims: Some scammers might even claim they are the rightful owners of the artwork after minting it, further exploiting the artist’s original work.
4. Phishing and Malicious Links
Sometimes, the scam involves phishing attempts. Scammers send links to what they claim are NFT platforms or marketplaces, encouraging the artist to "mint" their artwork themselves.
These links often lead to fake websites designed to **steal login credentials**, private wallet keys, or personal information.
Alternatively, clicking the link may lead to the installation of malware, compromising the artist’s computer and accounts.
5. Upfront Payment Requests
Some scammers pretend they want to buy the art for NFT purposes but ask the artist to **pay upfront fees** for "minting costs," gas fees (Ethereum transaction costs), or marketplace listing fees.
After the artist sends the payment, the scammer disappears, leaving the artist with a financial loss.
6. Collaboration Scams
In a variation, the scammer may propose a partnership to mint NFTs together, asking the artist to provide the artwork and share the "profits" later. However, the scammer either takes the artwork and vanishes or mints it without sharing any earnings.
7. Fake Promises of Exposure
Scammers sometimes lure artists with promises of giving their work exposure on NFT marketplaces or promoting them to wealthy collectors. However, after the artist sends their artwork or pays any upfront fees, they receive nothing in return, and the scammer moves on to the next victim.
Red Flags for Artists:
Unsolicited messages from strangers claiming to be NFT collectors or enthusiasts.
Requests for high-resolution files or **exclusive rights** to mint NFTs of your work.
Links to **unverified NFT platforms** or apps asking for login credentials or wallet access.
Promises of high returns or collaboration offers that seem too good to be true.
Pressure tactics to hurry up and mint or provide artwork.
Artists should be wary of these tactics, research potential buyers thoroughly, and ensure they have control over how and where their artwork is minted as NFTs.