The NFT space is brimming with exciting opportunities, but like any new frontier, it also attracts those looking to exploit unsuspecting users. Here’s a heads-up on some common NFT scams to keep your digital assets safe:
Fake Websites

Be cautious of websites that appear to be official #NFT project sites or popular marketplaces like #OpenSea . These replicas aim to trick users into connecting their crypto wallets, leading to potential theft. Always double-check website links before clicking. Reliable sources for official links are usually project Discords (locked Announcement or FAQ channels) or verified X/Twitter pages.

Savvy collectors recommend checking comments on project social media channels before minting. Online communities often expose scams, so a watchful eye can save you a headache. If unsure about an NFT’s legitimacy but still tempted, consider using a separate wallet with only the necessary funds to minimize risk. Remember, staying safe starts with thorough research!
Fake Collections
Be wary of deals that seem too good to be true. Don’t jump on that 1 $ETH CryptoPunk just yet! Verify the NFT belongs to an authentic collection and isn’t a copycat. Popular marketplaces like OpenSea typically mark verified collections with a special tag.

Some scammers try to mimic this by incorporating a fake verification tick in their collection’s logo. To be certain, hover over the blue tick on OpenSea. If it displays “Verified Collection,” you’re likely on the right track. For collections lacking a “Verified Collection” tag, it’s wise to consult the official project website and community channels.

Look for a match between the contract addresses advertised there and the one associated with the NFT you’re considering.
Impersonation Shenanigans

Impersonation scams are nothing new, and unfortunately, they’re alive and well in the crypto world. Phishing attempts often involve scammers posing as project customer support to target vulnerable users seeking help. Their goal? Stealing personal details and sensitive information like your wallet seed phrase.
Fake Giveaways
Fake giveaways are another common trick. They lure users into connecting their wallets with a phony website or surrendering their private keys. If successful, scammers can drain the user’s wallet entirely.

In some cases, cunning hackers may even hijack a project’s social media or Discord accounts. This allows them to distribute fake “official links” through seemingly legitimate channels, potentially deceiving even cautious users. A notorious example involved a hack on Beeple’s #Discord leading to a user losing a significant amount of ETH.

There’s no foolproof way to prevent such incidents, but exercising due diligence is key. Cross-check information across different sources (project website, #Twitter Discord, #Telegram ) before making any purchases or mints.
Unsolicited DMs
As you delve deeper into the NFT space, brace yourself for unsolicited direct messages (DMs) or spam from other users on Discord. Avoid clicking on links shared through DMs, a common tactic scammers use to distribute phishing websites aiming to steal private keys. Thankfully, Discord’s privacy settings allow you to filter out messages from non-friends, offering an extra layer of protection.
Lowball Offers

While not technically a scam, lowball bids are a prevalent practice that both new and experienced collectors should be aware of. It’s common to receive a number of offers, especially for popular collections or rare pieces. Scrutinize the offer’s denomination carefully. Is it in ETH, $DAI $USDC or another token entirely?

For instance, an offer of 1.25 $ETH for a particular NFT might seem reasonable, but 1.25 USDC is undoubtedly not. In this scenario, the bidder hopes the owner mistakenly accepts the significantly lower offer. Be on the lookout for such tactics!
Final Thoughts:
The world of NFTs offers exciting possibilities, but remember, there will always be those seeking to exploit vulnerabilities. By applying basic cybersecurity practices, you can navigate this new frontier with confidence:

Never share your wallet seed phrase.Double-check and verify all links before clicking.Cross-reference information from different sources.Use a separate wallet for untrusted sites.Always conduct your own research before investing.

Post originally published at https://notfungible.space/features/stay-alert-common-pitfalls-to-avoid-in-the-nft-market

The project team of #Thena keeps building on #BNBChain⚡️ despite hard times. Let me introduce last $BNB news.

Amazing news for #stablecoin users❗

GAS-FREE CARNIVAL SEASON

Zero gas fees on stablecoin withdrawals are provided🍀

Are you waiting for this?

Telegram apps on BSC are coming!

What should it be? How will it be used?

Looking forward to it.

Hot Memes Season or what?

New record of tokens created in a single day has been broken.

Over 20K tokens on pump.fun

We can see the clear trend of increasing stablecoins turnover,

where BNBChain takes a worthy place💪

Also you can find new #DEFİ projects on BNBchain below:

🌟Contango

🌟ReHold

🌟RNDM

🌟SOFA

🌟and others

As you understand, BNBchain is developing, the new projects are coming out.

Therefore, the THENA team monitors the latest innovations of the network
and quickly adapts to new conditions.

Let' support THENA.

If you have some questions you can always find the answers in THENA #Discord channel

Polygon suffered a security breach today as hackers took over its community Discord channel for approximately three hours.
The breach, which led to scammers infiltrating the channel and targeting users, has now been resolved.

#Polygon #Discord #SecurityFirst

Article made by DevolvedAi founder on X. #NathanPeterson
As the founder of @devolvedai, I’ve spent a considerable amount of time exploring the potential and the reality of decentralized AI. There’s no shortage of buzz around this concept, with numerous projects claiming to push the boundaries of what decentralized AI can achieve. But the truth is, while many of these initiatives contribute valuable pieces to the puzzle, few, if any, are truly working towards a fully decentralized AI system.

Let’s take a closer look at the current landscape of decentralized AI and how Devolved AI is striving to accomplish what no one else is—creating an AI that is decentralized in every sense of the word.

The Decentralized AI Landscape: What’s Really Going On?

Decentralized AI is often touted as the future of artificial intelligence—a way to democratize AI development and prevent the monopolization of this powerful technology. But when we examine the projects leading this charge, we see that most are focused on decentralizing specific components of AI, not the entire system.

Take @ASI_Alliance, for example. ASA is an ambitious project aiming to create superintelligent AI. Their approach is decentralized in the sense that they distribute the research, data, and resources necessary for this monumental task. It’s a noble effort, but it stops short of decentralizing the entire AI ecosystem.

Then there’s @opentensor, a project designed to decentralize the training of AI models. Bittensor allows developers to leverage a distributed network of nodes for training, rewarding participants with the network’s native token, $TAO. This decentralization of the training process is crucial, but it’s still just one piece of the AI puzzle.

@rendernetwork is another key player, providing a decentralized platform for GPU rendering, which is essential for AI and other high-performance tasks. By connecting those who need computational power with those who have it, Render Network helps lower costs and increase accessibility. Again, this is a critical component of decentralizing AI, but it doesn’t cover the entire scope.

What’s Missing? The Need for Full Decentralization

The projects mentioned above are undoubtedly making strides in decentralizing aspects of AI, but they don’t address the full picture. Decentralizing AI isn’t just about spreading out data, computation, or specific processes—it’s about creating an entire ecosystem where every aspect of AI is decentralized, from the ground up. This is where Devolved AI comes in.

At Devolved AI, we’re not just decentralizing parts of the AI process; we’re decentralizing the entire system. Our mission is to build the first truly decentralized large language model that’s powered by the people, for the people.

How Devolved AI is Different: Decentralization at Every Level

With Devolved AI, we’re decentralizing every aspect of AI development. Our core LLM, Athena AI, is trained using a unique federated learning system that distributes the training process across a global network of GPUs. This ensures that no single entity controls the training or development of the AI.

We also store all datasets and training information on a decentralized storage network, @Stratos_Network, with every piece of data documented on the blockchain through a system we call Proof of Training (PoT). This transparency means that the entire community can verify and audit the AI’s development at any time.

But we’re not stopping there. Our roadmap includes transitioning Athena to run entirely on a decentralized global network of GPUs by 2025. This will remove any dependence on central servers, making Athena AI the most decentralized AI ever created.

Why This Matters: The Future of AI Depends on True Decentralization

Decentralizing AI isn’t just a trend—it’s a necessity for the future of artificial intelligence. If we continue down the path of centralized AI development, we risk placing too much power in the hands of a few, potentially leading to misuse or exploitation of this technology.

At Devolved AI, we believe that AI should be controlled by the people who use it, not by corporations or centralized entities. That’s why we’re committed to creating a fully decentralized AI system—one where every decision, every dataset, and every computation is distributed and transparent.

In conclusion, while many projects contribute valuable components to the decentralized AI movement, Devolved AI is the only project that is truly working towards a fully decentralized AI ecosystem. We’re not just decentralizing parts of AI; we’re decentralizing the entire system, ensuring that the future of AI is in the hands of the people, where it belongs.

$AGC $MATIC #DevolvedAi #Argochain #Argoswap #Discord #Twitter

This is the wrong question. You should ask WEN? Soon! Why?
Because I'm confident in the team of #Thena project, I want to tell you about now!
Let's go🔥

THESEUS - @Theseus_fi

CEO & Co-founder.😎
Self-made tokenomist. In Web3 from 2020.
$THE generator of ideas and always open to communication. APOLLO - @0xApolloFi

CMO & Co-founder.🧧
#DeFi professional and enthusiastic.
He's in constant search for new knowledge and lifebalance. XERMES - @XermesThena

Community Lead & Co-founder.🤝
$THE most organized member of the team because he does not respect chaos.
Likes to develop clear structures and reliable processes.
PANTHEON - @PantheonFi

Thena Zealy Wizard.✨
He's not a person, he's real wizard.
Open 24/7 to answer everyone in chat, DM and also check all zealy sprint members tasks.
You can always contact these people in chat or DM and get an answer!
So welcome to Thena #Discord 👇
https://discord.gg/UuPdXtdP

What is happened on #BNBChain⚡️ lately?

First of all is the amazing results of #Thena hard work - $22,000,000 total revenue!
Congrats the project team and all community🔥

BNB Chain Hachathon 2024 Q3 has been extend to Aug 28!
Great news👍
This means more news, interesting and useful information and of course active Thena participation in this. Become a Champion Builder bro💪

Don't know how does #Governance token work?
Don't worry! Just read useful blog article about $BNB Chain Governance process in a nutshell read more
I liked it😍

Do you know the leader of daily transactions by chain? No?!
It's #opbnb bro where Thena project builds it's power too🤑

Do you see something great? No?!
4th place of THENA by TVL on opBNB and the project doesn't start its engine yet. The great news become soon. Just follow THENA😎
Have questions - welcome to #Discord : https://discord.gg/Z8xhnwKs