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=== Fraud === Often, many NFTs are generated with the exclusive intent to generate revenue,{{Citation needed|reason=check comment}}<!-- Needs a source like this, but with far more verifiable information: https://www.jumpstartmag.com/decentralization-and-the-lack-of-regulation-in-nft-marketplaces/ --> and as there are no regulations established within the NFT market, tokens can be minted fraudulently through various means. ==== Plagiarism ==== As there are a lack of measures to verify the authenticity of media ownership when minting NFTs, especially when these tokens are associated with its own custom cryptocurrency, there is a common pattern of these users claiming the content of others for the purposes of minting their own tokens.<ref name=":1">{{Cite web |date=Oct 1, 2022 |title=Common NFT Scams: Duplicated or Plagiarized NFTs |url=https://notcommon.com/articles/common-nft-scams-duplicated-or-plagiarized-nfts |access-date=Jun 13, 2025 |website=Not Common}}</ref><ref>{{Cite news |last=Bailey |first=Johnathan |date=Mar 16, 2021 |title=NFTs and Copyright |url=https://www.plagiarismtoday.com/2021/03/16/nfts-and-copyright/ |access-date=Jun 13, 2025 |work=Plagarism Today}}</ref> [[OpenSea]]'s '[[OpenSea lazy minting|lazy minting]]' provides an easy model for malicious actors to freely mint these tokens and profit off of the effort of artists with zero financial investment.<ref>{{Cite web |date=Feb 8, 2022 |title=Plagiarism, Theft, And Scams: The Daily Problem Of Artists In The NFT Era |url=https://www.nfthubble.com/plagiarism-theft-and-scams-the-daily-problem-of-artists-in-the-nft-era/ |access-date=Jun 13, 2025 |website=NFT Hubble}}</ref> Alternatively, malicious actors could mint NFTs that are clones of the visual assets of existing tokens.<ref name=":1" /> This lack of authenticity in minting tokens means that users may unwittingly invest in offending NFTs on platforms such as [[OpenSea]] and lose the token they paid for due to a DMCA from the author. ==== Pump-and-dump ==== Frequently, NFT projects, much like the cryptocurrencies that back them,<ref>{{Cite news |last=Gonzalez |first=Oscar |date=Aug 6, 2021 |title=Cryptocurrency pump-and-dump schemes: What you should know about these scams |url=https://www.cnet.com/personal-finance/crypto/cryptocurrency-pump-and-dump-schemes-what-you-should-know-about-these-scams/ |access-date=Jun 13, 2025 |work=CNET}}</ref> will face pump-and-dump schemes, wherein the creator of the token, or a group of malicious actors, will attempt to inflate the value of the NFTs they own, and essentially scam users via tactics such as [[Fear of missing out|FOMO]] to have said users invest in tokens from the promoted collection, thus inflating the value of the product, before the actor(s) attempt to quickly dump the tokens they own onto the market, causing the value to quickly tank,<ref>{{Cite web |date=Dec 8, 2023 |title=Pump and Dump Schemes in NFTs |url=https://immunebytes.com/blog/pump-and-dump-schemes-in-nfts/ |access-date=Jun 13, 2025 |website=Immune Bytes}}</ref><ref>{{Cite news |last=Castor |first=Amy |title=Here's why NFTs are crypto's latest pump-and-dump scheme designed to make crypto insiders rich |url=https://www.businessinsider.com/nfts-cryptos-scheme-value-pump-and-dump-2021-6?op=1 |access-date=Jun 13, 2025 |work=Business Insider}}</ref><ref>{{Cite news |last=Itimi |first=Stephanie |date=Jan 26, 2023 |title=Pump-and-Dump NFT Scams: The Doβs & Donβts |url=https://medium.com/protegr/pump-and-dump-nft-scams-the-dos-don-ts-f87076cd2dd1 |access-date=Jun 13, 2025 |work=Medium}}</ref> harming all unaware parties in the process.
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