Becoming a social media influencer in the non-fungible token (NFT) community is highly sought after, as these influencers have the ability to influence opinions on buying and selling NFTs. However, promoting a fraudulent NFT project can have negative consequences. Recently, Web3 influencer Andrew Wang promoted an NFT collection called Pixel Penguins, which was suspected to be a scam, causing backlash towards Wang and others involved. Wang admitted to promoting the fraudulent project and apologized for misleading his followers, highlighting the need for individual due diligence when investing in NFTs. The incident serves as a reminder that influencers in the NFT community often have no oversight and it is up to individual collectors to research projects before investing.
All Comments