Get the latest creative news from FooBar about art, design and business.
On-chain analyst OKHotShot is warning the NFT community against the Meta Mansions NFT project. Through a Twitter post, he explained why any NFT collector should be wary of Meta Mansions NFTs.
Meta Mansions NFT describes its collection as 8,888 luxury residences built on Ethereum. According to their website, NFT holders can live in, customize, share, and monetize their mansion.
However, the NFT analyst and blockchain security expert is not impressed with the project. He said Meta Mansions lied about its partnership with The Agency RE, a global real estate brokerage and lifestyle company founded by Mauricio Mansky.
When OKHotShot asked The Agency RE about the legitimacy of the partnership, the agency denied it. It said, “Neither Mauricio nor The Agency has any affiliation with Meta Mansions or any NFT projects. We cannot comment on the legitimacy of the project. However, we do not have any ties with them.”
Additionally, OKHotShot said Meta Mansions hired a Safemoon developer which people say is a scam. Furthermore, he said they wash traded their own NFTs during their mint. Lastly, “one of their founders was part of an ICO team that allegedly defrauded 20,000 people,” OKHotShot added.
The NFT space is full of opportunities, growth, and complex experiences. However, just like any industry, there are also risks and dangers that NFT collectors and enthusiasts should consider. For instance, there are multiple NFT scams and it’s best to evaluate an NFT project first before investing in it. At the same time, learn the best practices to keep your crypto and NFT safe.
Are you tired of missing important NFT drops?
Check out our NFT Calendar!
Receive the biggest NFT news of the day & recommendations in our Daily newsletter.
All investment/financial opinions expressed by NFTevening.com are not recommendations.
This article is educational material.
As always, make your own research prior to making any kind of investment.
Micah is a writer based in the Philippines. She loves to write about the things that spark her interest like tech, art, blockchain, and NFTs. In her free time, she paints using acrylic and watercolor, reads fictional novels, and plays video games.
(function(m,a,i,l,e,r){ m[‘MailerLiteObject’]=e;function f(){
var c={ a:arguments,q:[]};var r=this.push(c);return “number”!=typeof r?r:f.bind(c.q);}
f.q=f.q||[];m[e]=m[e]||f.bind(f.q);m[e].q=m[e].q||f.q;r=a.createElement(i);
var _=a.getElementsByTagName(i)[0];r.async=1;r.src=l+’?v’+(~~(new Date().getTime()/1000000));
_.parentNode.insertBefore(r,_);})(window, document, ‘script’, ‘https://static.mailerlite.com/js/universal.js’, ‘ml’);var ml_account = ml(‘accounts’, ‘3420361’, ‘p7o6o1i1p7’, ‘load’);
NFT evening is the biggest website for NFT news. We are dedicated to supporting mainstream NFT adoption by making content fun & accessible. Learn about NFT collectibles, NFT art and the best blockchain games that even let you earn free crypto! Whether you want to invest in NFTs, create NFTs or simply collect them, NFTevening is the first stop for all the NFT news you need!
Type above and press Enter to search. Press Esc to cancel.
