NFT Glossary Deep Dive: Rug Pull
Ellen Britt for CNT #NFT When someone says “rug pull” in the NFT world, they are referring to when a project developer cheats everyone by absconding with the money from their NFT sales and does not continue the project. Yikes! In many cases, these scammers will drum up a lot of false hype and talk on social media channels such as Telegram and Twitter, and may further lure investors into a false sense of security by putting a sizable amount of money into the liquidity pool. Four Ways To Protect Yourself From A Rug Pull So how can you protect…