A brief guide on NFT rug pulls

When the NFT space boomed back in February, NFT projects were largely being built with the intention of creating a community and bringing value. The hype of NFTs then led to a surge in profile picture projects, they became the staple of the space and they are still dominating the market to this day. However, since the space has matured and expanded there has been a significant change in the ways in which projects operate. Bad actors and rug pulls are becoming much more prevalent due to the amount of capital at stake.

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