Need Answers?

The answer is yes, a lot of NFT projects are a complete scam. This fact has made the NFT market a very controversial topic over the past few months. The booming market has provided an opportunity for many incompetent entrepreneurs to dump their poor products onto
unsuspecting buyers. 

But don’t lose hope. The technology around NFTs is very solid and the current economic market fully supports their application. Your job as an investor is to find the right projects and identifying the scams. 

The number one thing to look at when buying an NFT is the use case, does it provide extrinsic or intrinsic value to the marketplace. Will this token grow in value as the project advances?

After that, here are a few questions you should ask yourself about the team behind the project. Are they capable of getting the project to fruition and achieving the goals that they have promised? Are they hiding behind an alias and not releasing their names to the public? Have they completed successful projects in the past? 

The next step is to look at the community, this will tell you if the market likes and is excited about the project. How many social media followers do they have? Do they have an active telegram or discord group and are people genuinely excited about the project? 

All and all don’t expect to see this market disappear, but also don’t expect to be selling your galaxy chicken JPEG for profit in ten years. 

Let us know in the discord chat if you have questions, comments or if this blog helped grow your knowledge of the space. 



















Are NFTs a Scam?

How many people buy a T-shirt or a wrist band to flex to their friends that they were at Coachella or EDC for the weekend? In today’s digital world what better way to remember an epic event than your unique digital avatar. Here are 3 reasons why NFTs will be the final nail in the coffin for conventional ticket sales and why projects like Hype Disco are leading the industry.

1.  Security – We have all heard countless stories of people buying fake tickets from a back ally scalper or “Greg” from craigslist. The security offered by these unique digital codes is unmatched and in case you didn’t know NFT cannot be duplicated.


2.  Cost effectiveness- NFTs are very cheap to create, as the industry advances there are more and more programs coming out to aid vendors in producing them. The open platforms and ability to host your own marketplace also eliminates the need for costly third parties
    like Ticket Master and Eventbrite.


3.  Perpetual Revenue- The digital tokens are very versatile, and creators have the ability to encrypt rules around merchandise, royalties and resale which opens huge doors for creators to receive perpetual wealth. Imagine if Ultra Music Festival created a rule that they wanted 2% of any resold tickets, how would they ever police it without an NFT?


All these reasons will defiantly provide a driving force for the industry standard to switch. Think I am wrong?

Let us know in the discord chat!


Why NFTs will replace tickets in the next decade!

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How it this different from what we have today?

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Recent posts

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Why NFTs will replace tickets in the next decade!

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