NFT & Web3 Risks and Red Flags

What you’ll learn

• •This week's lessons form an applied version of Week 2's scam-awareness skills, tuned to NFTs and Web3's novelty, hype, and technical complexity.
• •Ownership red flag: unclear explanation of what you actually own — the token versus underlying rights or real-world claims.
• •Value red flags: vague, promise-only roadmaps, and thin or artificially inflated (wash-traded) volume and holder counts.
• •Team red flag: total anonymity combined with no verifiable track record, for a project asking significant investment or trust.
• •Security red flags: unusually broad wallet approvals, artificial urgency, and requests to connect to unverified websites.
• •The goal is not fear of NFTs or Web3 — plenty of legitimate projects exist — but careful, independent, evidence-based evaluation.
• •The critical, verification-first mindset built this week is more valuable long-term than any single fact, since it transfers to whatever comes next.