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https://www.vice.com/en/article/y3dyem/investors-spent-millions-on-evolved-apes-nfts-then-they-got-scammed (https://www.vice.com/en/article/y3dyem/investors-spent-millions-on-evolved-apes-nfts-then-they-got-scammed)

You may be wondering at this point about why I am posting these kinds of news, doesn't everyone know that NFTs are impractical at this point?

And to this, I would like to direct you to this article.

This shit still happens, and it happens every single day.

What is the point of spending your energy convincing people to buy Bitcoin and other cryptos when scam artists divebomb victims every single day?

I will hence post about every single NFT scam that I can find information about until this shit stops.

We could simply sit back, relax and laugh at the stupid idiots who throw their money at this. But what do we achieve?

You can tell when an article was written by a member of the younger generation, as they use new terminology to describe very old things (like scams in this case) like they just discovered them.  Drives me nuts.

Anyway, this is what happens when there's way too much money floating around in people's hands.  You get NFT manias, ICOs, shit like Earth2, where idiots speculate on digital plots of land with no purpose or real value, and prices of everything inflating like it was the 1970s all over again.  I just hope it doesn't become like Weimar Germany.

Hate to say it, but those fools who got scammed in this Evil Ape thing got what they had coming to them.  It's economic Darwinism in action, where money flows from people who don't know what to do with it to people who know how to get it (by whatever means).  Hopefully they learn a lesson from this episode.

This is why we shouldn't put too much money investing in NFT, just enough to make sure that you're good and you've ridden the hype train. This is also another reason why we should search carefully regarding this thing because not every NFT wants a community.

Things like that could easily be stopped if the community, those affected, law enforcement agencies etc are doing their jobs well.
These people care very little about others, so they cheat and let things like that pass by.
If you insist that the right thing be done, certain people will be mad at you or try to attack you as if they enjoy the problem or are part of it.

I occasionally come across similar issues in physical World, but you could get discouraged by people when you want the right thing to be done. They may do worse things to repay you for daring to "interfere" or for trying to stop the evil.
I'm still trying to properly understand why certain security agencies don't want to interfere or act when issues like that are brought to them. Guess there are issues they consider too much for them to handle, they're trying to avoid causing more problems, or they probably just don't want to intervene in things that are beyond their control... Still not good excuse

The NFT Marketplace is solely dedicated to art and gaming connoisseurs. I don't know the percentage of NFT customers who fit the market criteria,  but it's impossible to be dominant. I've always assumed that most entrants to the NFT space are due to their interest in trying their luck again after the shitcoins hype phase, and actually they don't know what space they're in.

Ouch, 2.7 million dollars lost to this scam... Honestly, I'm surprised that NFTs involve scam. Not because I believe in NFTs or anything, but because people are basically selling original memes and stuff, which is widely available content but just something that with NFT certifies the transfer of ownership. I didn't follow the development of the NFT market after the initial hype, and from the story with apes I see it's more nuanced than that and people get scammed over digital content like this. The saddest part is that the victims, instead of letting go, want to build a project based on the ashes of the former one, and still proceed with NFTs... I guess some people don't learn.

Unfortunately you can't force people to do what they have no intention of doing, I believe 99% of people in this space are grownups who are capable of doing little research, the hype of nft is too high now it is no more surprising to here news like this,  it would have been better if they bought btc with the money instead, well I hope they have learnt a lesson and perhaps others would learn from them too.

Simple as that, if people want to exchange their hard earned money for magical beans then that is their problem, obviously I am outraged by what the scammers can get away with but as we know we are our own banks now, if some people are willing to invest in the best assets this market has to offer and some other people want to invest in highly speculative projects, to say the least, then that is their problem, whenever I hear someone thinking about this I still warn them and hope to help them out avoid the scam but I know that sooner or later they will lose their money anyway.

when i saw that an NFT was selling for a fantastic price, i just thought that person had been scammed.  The NFT hype will end and those who have spent a lot of money will regret the decisions they made, if want to invest then invest in coins or tokens like bitcoin or ethereum.

And what did you expect from the market, or rather a sub-technology that ensures its existence only through the sale of "unique content", which in fact is not. It's like if someone, having learned that paintings for example Picasso are worth millions, starts painting with their "left foot" 50 paintings a day, and exhibit them at the price of Picasso or Dali. No, maybe in the beginning they will buy a couple of them, a couple of crazy people with money, but this is more a deviation than a normal reaction ...

NFTs are still a hype that i am sure that it will soon die out, and because of that people are still to exploit people's overhyping something to scam just like what happened with ICOs back in 2017 and now we are seeing it happen with NFTs, and i am sure that people will soon come to realize how a waste of investment it is, and they will go back to using crypto because obviously it is the best promising and safe investment there is.

There is a point and we might save someone who's been eyeing to get into those potential scams in NFTs. It's very typical that scammers are everywhere and they're very active every day.
The problem lies with the people that don't diligently use their time to research and just think of how much return will be in the most possible quickest time that they'll allocate into an investment such as NFT. They should think more realistic than to have those too good to be true assets, many NFTs are legitimate but they should also think that there are many scams.

This story may not be legitimate. It could be a variation of Jack Dorsey's 1st tweet NFT selling for "2.9 million" or the other fake NFT story that sold for "$69 million". I doubt anyone would spent millions on this. We have confirmed evidence its easy to manufacture and publicize fake news on NFTs to push narratives with the "$69 million NFT" story being proven false.

Even if it were true, would there be anything special or noteworthy about the enron/gamestop of NFTs? Scams occur in all markets and exchanges. Things get weird when people claim scams are exclusive to one market, asset, commodity or currency and not another.

For every NFT scam that exists, there could be people who are profiting and making money off them in a legitimate sense. The media has a tendency to cover only the positives, while ignoring the negatives, or the opposite. I wish people wouldn't jump to conclusions on things, simply due to the media covering the negative side of NFTs. Without much emphasis on the positives.

I have a better title for this:

Evolved Apes turns out to be a Monkey Business!

Obviously, some poeple lost money, maybe some have lost their savings but one has to understand at some point that not every single damn scheme can bring you ridiculous gains overnight, if every single coin or token or scheme or nft or game would do so we would have long run out fo money to prop those prices up.
At this point what's left to hope is not that those scams will stop, not with that amount of money to be gained but that poeple will stop throwing so much money at every random project, or at least they will only put down money that they can afford to lose.
But I know that's wishful thinking probably there are at least a dozen more games like that in the making as we speak.

I don't think it will soon die out because artists, known personalities and athletes are just starting to discover this industry to connect with their fans. They are finding out that this is a new digital way how to earn income by the support of their respective followers. I've been seeing several athletes that already released their own NFT collectibles. And I believe, it is just a beginning. If you are a buyer, I think to avoid being scammed, do your homework and dig more about the authenticity of the item.

I don't see any logic in the above statement, i.e., a cause and effect.  Athletes looking to connect with their fans?  Are you kidding?  They're looking to make money, nothing more, nothing less--and so are those "fans" who buy these garbage NFTs.  I could probably come up with dozens of ways sports stars could connect with fans within a half hour, and none of them would include creating digital blockchain pictures that idiots think are so unique that they're worth outrageous sums of money.

Well isn't that the whole point of an NFT, that the blockchain ensures that the "thing" is unique and authentic?  How much research can one do to figure that out?

It might not die soon, but when there's a new hype, for sure NFT will be left in the closet, just like how it evolves, ICO-IDO-IEO etc. People are looking for new hype.

So there's no surprised as well as people are being scammed with this latest craze. They should learn from past history of crypto market. Of course not every NFT are scam, but are they really worth that huge money to begin with?

That's why it's always a good thing to exercise caution especially with NFT as they're illiquid and it's going to be difficult to be able to get the money back especially with NFTs banking on hype to become popular, also it's a good thing that you should get in early so you won't lose as much from investing.

Yeah, shit happens every single day. So if you want to put a stop to all this, good luck, but I doubt you will stop it. I am not saying we will just sit back, relax, and enjoy watching other people burning their money in NFTs. What I'm saying is that people's follies are without limits. So however hard you will explain to them that art and collectible NFTs are impractical and absurd, there will always be people who will buy them.

It's simply a matter of perspective. Maybe for us, it is beyond sanity that one should buy an NFT worth a million dollars, but to someone, Beeple's Everydays: The First 5,000 Days is still worth buying at $69,346,250. Well, who am I to say the buyer is stupid and I am not?

It's happening when investors have so much money and confuse how to spend them  ;D
Till right now i still think how it become worth investing thousand dollars to an NFT pictures that has nothing to do, it's different if you invest on game NFT items which have advantages to the game if you have it. But if it's just a picture, there is no way it worth that much money.
This scams could be make NFT's image looks bad, even though there are so much potential for developing NFT systems.

Just like ICO, IEO and the rest. Anything can be used to scam people, but sometimes things get blown out of proportion and cause a dead end. Sooner or later regulatory compliance will be necessary for this NFT stuff and if that happens, I bet there will be new things to fomo for. That's just the cycle of this market. The one who can last till the end is usually the winner, or just have a very good community to support them. Let's see where NFT go.

A good laugh maybe? There are tens of projects like these each day that pop up and leave after sucking their customers off, nothing really new. Heck, in the first place I'd reckon it's to be expected that stuff like these would naturally come out, the NFT scene is full of hype right now that people would jump up on every new project they would probably see just because it's an "NFT", without even bothering on properly studying the project itself. Not that I mind tbh, it's they're money they're throwing around after all.

NFT Marketplace is dedicated to gaming and art connoisseurs. I don't know the percentage of NFT clients that fit the market criteria and those who don't understand it are very easily fooled. I do not follow the development of the NFT market after the initial hype because what NFT created such a strong wave made me think the opposite of what the project hyped and then evaporated. And they disappeared after taking all investors' money, about the high risk nature I thought about that so I didn't dare to participate in any NFT projects.

Focusing on NFTs alone would only lead us to regrets in the future. Yes, there are reputable NFT projects these days but it's still important that we'll always check on their legitimacy and reputation as well as their foundation. Most scammers are also using NFTs as a platform to scam big investors. I would prefer trusting NFT games that have proven a lot in the long run.

I am an enthusiast of innovative ideas and technology. However, I haven't go deep into the NFT scheme so I don't understand how it works but I am also not surprised if some investors go scammed by buying NFT because the little research I have done about it seems like its impractical as the OP said and the funny part is that most social media influencers are hyping this project.
This is the reason why I am not surprised that scammer sees NFT as a way to scam people these days.

Always expect that there would be fools that do really believe that it could really be valuable or would really be worth on the amount that they had invested and soon they do realize up things
when they had already been wrekt.

Im not really that a fan of NFT's but we can deny that there are some which did really end up on being valuable and this is why most people been thinking off with those kind of luck and probability
on getting some decent.

Scams? Its so common and nothing to be surprising actually.

What were they expecting? I mean these Ape stuff got super boring, just because one ape collection got so much attention, doesn't mean that everyone should create some ape stuff that would be super famous and worth money neither, even non-scam ones try to do this.

In any case I believe that if you are trying to mint and get your hands on some brand new Ape NFT because you want to be early and sell that to make a profit because you know they worth nothing to you in value but you want to profit from being early and sell it higher for profit to scam others basically, selling something that has zero value to you but profit from it selling to someone else high is scam after all, then you are a scammer who got scammed and I am not really sad for you, just move on.

Looking at it from the point of view of the NFTs, those who started with NFT were recognized artists, where each one capitalized their money and some were very successful, while there were others who did not, who simply launched it without success, where people hardly won, at one point I thought that NFT was something similar to ICOs in 2017 and there may be arguments to make such a comparison, or such an analogy. What should be noted is that in any project, be it NFT or not, there will always be crooks or thieves who cheat people, we cannot cover the sun with a finger, right now the NFTs in the direction of games are capturing a lot of money and where there is money obviously there are people, this is law, and it is something that if the investigation of the person is not sufficient it is punished with loss of money.

If this stuff is raising $2.7 mil, the NFT space is beyond screwed.

I do see a bright future when it comes to the actual applications of NFTs, for instance, in the field of rewards programs.

But that is definitely NOT what these people in the NFT space is doing right now. All they are doing is flipping jpegs of ape avatars for profit and hoping that the next person along will be willing to purchase it off them for more.

Unfortunately it is, some people never learn and instead they try chasing that which damaged them with increased energy, after all instead of thinking their decisions to invest in those scams was wrong and it is time to change their approach to the market they still believe their approach was correct, they just happened to pick the wrong project, so now they will look for the project that feels right for them once again not understanding that they will lose whatever money they had left after the first scam.

I don't understand why are people surprised by this? I am expecting more of this to come very soon. NFT craze has reached a level which is now called stupidity, everyone just coming up with the same idea by applying a new label on the same old shit, all of them claiming to make a community that big and lucrative which no one else has seen until now, in fact few of them are promising to make a metaverse altogether, honestly speaking even if 2% of the total NFT projects do what they have committed in their roadmap I will really be surprised. NFTs are just another get rich quick scheme which is making a few people rich while it's going to make a lot of them poor when the dusts setttle.

Even if users are getting scammed left and right they will not change. The funny aspect is that the investors are ready to invest in projects that have anonymous developers and they promised to come out with something magical and they vanished with millions of dollars worth of Ethereum.

I hate seeing users getting scammed but what is the best you can do. If you start posting about the scams then you will get a long list of scams to write about ;D.

one of the negative effects of the NFT overhype is that it is getting more and more and indeed something like this will happen when the massive adoption of nft and the enthusiasm that can't be stopped from a few months ago.
and this will damage the image of nft and it's not impossible when things like this continue to happen I think NFT will also be labeled as the creator of the biggest scammers like what ico has experienced a few years ago.

Oh please.  I don't know about the presence of gamers in the NFT space, but it's hardly a market populated by "art connoisseurs".  It's mostly a bunch of greedy people who want to flip NFTs to the next sucker for a profit, not people who appreciate real art.  Just search on Youtube for anything related to NFTs and the only results you'll get are about how hot the market is--and absolutely nothing about the quality of the art.  That alone should tell you something.

Lol.  It's definitely in the stupidity phase, if there is such a thing.  Lots of people are apparently making bundles of money from this crap, but that's exactly what NFTs are: Crap.  This is the closest thing to the tulip bubble I've ever seen.  You know what happened to all the Dutch people when they realized they'd gone out of their minds speculating on bulb variants and whatnot, right?  The market crashed to as close to zero as you can get.  If the NFT hysteria lasts for more than a year, I'll be very surprised.

Not every NFT related projects are ran by scammers. There are many people putting their effort into creating real, quality products for customers. As an example I can mention Lost Relics game. You can search about it on youtube or join their discord channel and you will see it's not a greedy attempt from the developer to sell worthless virtual data to foolish players around.

Indeed it's not refined classic art admired by specialists, but it's a real project anyway, created by just one developer so far (since 2018). And step by step his project is enchanting many people who enjoy online mmorpg games.

About this Evolved Apes project in particular, it looks like the "developer" had bad intentions since the beginning and used NFTs' hype to execute his shady plan, but now the fan base says they will continue running the project without him. There are bad people in every places, however we can't condemn the whole sector because some bad elements.

From the article:


To be fair, that's pretty much 99% of the crypto community now in all things crypto.  No reasonable expectations of what is probable because they're just blinded by the potential profits they assume will come.  Also, the article ends with the "do your own research" warning, but that's not really helpful to a community that's dominated by people who suck at researching things and thinking critically about what they find.

I can't get a good logic for an NFT investment Millions of capital yes I agree to invest there but not it lots of I don't agree. There are lots of scammers are involved if if NFT Team scams how can you justify this. I think there is no white paper to justify proper tem.

The artwork doesn't even look very good. This was just a lazy copycat project that ripped off the more popular ape-themed NFTs. Unfortunately, these kinds of scams will give ammunition to people like Elizabeth Warren who are looking for any excuse to attack crypto.

If you are talking about Lost Relics on Enjin then I too have known this from around 2018. Did play the game a few times but it was too simplistic to be enjoyable. The developers still have the NFT functionality built in where any in-game items you win will appear in your blockchain wallet. Its just that the games themselves aren't refined enough to have this economy make much of a difference.

While I'd prefer that these working projects reach scale and find lot of players, the reality is that till a real game studio comes on the scene, single developers and small teams simply cannot deliver the same level of art and game mechanics. When the big studios decide to pivot to blockchain, these games will simply stop getting supported as the developers will be hired by the established studios. This is what has been happening forever and that is the reason that people just want to make a quick profit as soon as possible. The "Flippers" are at the bottom of the food chain. The real predators are the people like those behind "Evolved Apes". The ones who realize that it is easy to create hype in this space and decide to simply scam people out of their money.

Only invest what you can afford to lose and make sure that you are financially stable and don’t go all-in. This is what I’ve been doing so far. I have invested into NFTs (e.g., collectibles and play to earn NFTs) and already treating it as “dead money”. Until now I have yet to sell a single NFT. We should be prepared emotionally and once you deposited that money into NFT, accept the fact that you’re gonna lose it. 

I still hope Lost Relics can have a sustainable economy at some point. For now it's not possible yet because the game is in Alpha phase, and many items we have acquired grinding don't have a function in game. But an usage is being given to them as we have new updates being introduced. I've played for long hours already and have also bought a legendary bow weapon through Enjin platform. For me it has been entertaining.

I think the called Indie games will still have attention and support from players' community, although in minor scale if compared to the products of big studios, just like we see in the traditional gaming industry. Maybe developers can be hired by an established company or even have their games purchased by someone else and that is a risk to be taken. However the risk also exist when you make purchases at any other virtual games. It's not an exclusivity of blockchain games' category.

Speculation inflates prices a lot during hypes in crypto market as a whole. People just need to be careful where they invest money and if determined investment worths that amount to be invested.

As I understood, in Evolved Apes' case there were only promises of a potential game, what was already a red flag indicating people could be dealing with a predator, as you said. After all the guy behind the project didn't create anything. He just collected money from investors, ordered some art creations from third party artists (who weren't paid) and ran away with the money.

---

As you mentioned games created by bigger studios, the most recent mmorpg one is called MIR4, created by a south korean company called WEMADE. The game has introduced its own token called DRACO and has promised NFTs for November. It works in partnership with WEMIX wallet. It's a free to play game.

If that's what going to happen to the future investors then why bother to invest in this kind of crappy investment? Some NFT games are just too hype up that's why we've seen a lot of people investing on it but once the hype is down, people will suddenly realize what they were doing.

I don't like the idea of a rug pull but it's their fault why they gave their money to someone because of the hype and devs are riding on it while they can but once it's not in the trend they suddenly pull the rug and it left most of the new investors to force selling their NFT or holding on it because it has no value at all.

since he did nothing. create nothing then it's really a sign. what he created are just website and accounts to convince that something will happen. and it happened, he got what he wants.

you can't expect someone who is anonymous, with a motivation to scam and handed over 798ETH which is worth $2.7M will not run. such an opportunity never comes every day for an anonymous developer. if i was one of the investors i wouldn't really expect to get the money back.

indirectly you want to put this into a more serious direction by looking at a bright future.
but for this NFT project I don't think it will run smoothly when it continues to be exposed to news like this, besides that on the other hand NFT has been overhyped for the past few months and of course when something like this happens it must be used by irresponsible people by making NFT scam.
maybe for the next few months or years NFT will still be good but for the longer term this hype will end and even I think if the fraud continues, NFT may also be labeled as the 2nd ICO :)

Unfortunately this is something that we have seen many times in the past, we saw the coin bubble of the 80’s, beanie babies and comic books on the 90’s and there are probably many other examples of this happening all over the world, NFTs are just part of a long list of bubbles that can go nowhere but down, however I also think that some are taking advantage of the bubble and are fueling it by laundering money with it, so if I were to guess some of the big sales are attempts to launder money or clear cases of people manipulating and inflating the price of those assets so they can later sell it to someone that thinks they made a good deal when in fact the asset never had any demand whatsoever.

Who are you?  You're you.  And we're constantly judging things and people every day, whether we like to think of ourselves as judgemental or not--it's just the way humans are.  And if you think NFTs are stupid, I say acknowledge that thought or else you might up thinking the emperor is wearing clothes when in fact he is not.  Sometimes you just have to call a spade a spade.

Exactly.  When bitcoin was created, a lot of people saw immediately that it was a form of money far different than what the world was used to, and that it might possibly be world-changing.  A lot of people thought (and still think) it's worthless, but the fact is that adoption has grown in the 11+ years of its existence.  I strongly suspect NFTs are not going to follow the same course; they're going to go the way of Beanie Babies and all the other crapola you mentioned.

Thats why some people do really jumped in and having the same thoughts that it might really be just the same on what happened to bitcoin.Lots hadnt trusted up on the beginning but it turns out to be revolutionary after a decade or number of years on which i do really see that people doesnt really like to miss up the train on what they havent done in the past thats why we do see these kind of amazing purchase using up millions
in NFT's which most of us could say that it is dumb to make such actions but hey we dont know on what future comes and might end up well for those who do get serious on dealing with NFT's and make
out more millions in the future.It is just having two possible outcome which is richness and being wrekt out.

NFT is very risky, but also a lot of opportunities that come with it. While the majority of value investors don't pay attention to NFTs for reasons of impossibility, it will be interesting to see how this market plays out. The future no one can predict.

NFT has a lot of features and utilities included, but in this article we only talk about money laundering through NFT, it is only one side of the coin.

First of all, people just go ahead and invest their money in things like this jus because they feel that it is good and not because it is good. Before I get involved in any kind of business, I first of all get to know the risks that are involved in that business and how I can avoid those risks, because it’s very important. But, there are a lot of people who don’t look at all those risks, they just rush into it and wouldn’t care to know what those risks are, and later on they will be scammed of their money.

If you don’t understand something at all, it’s always best to stay away from it, to avoid getting scammed. But, some people never know this, rather they allow their greed for money to blind them. No matter how much you say this, it’s always going to happen, because this is not the first time we are talking about this.

This is the new trend now so we can expect the risk since many scammers notice that NFT is the new ICO these days and this is why we need to be careful upon choosing what is best so that we will not get scam the same as rug pull scheme they made on BSC tokens.

Indeed NFT has many lot to offer and the best thing we can do is to search the best and don't get over hype on what we think good since we also need to think that not all of them is good investment.

I definitely think NFTs are not worth buying, but that's something personal. I'd rather withhold my judgement as to the rest who are actively participating in the NFT market. I am certain they see something which I do not. As I've said, it is a matter of perspective. I'd call myself stupid if I buy one of those expensive pixelated CryptoPunk collectibles, for example. Perhaps that's because I don't have any idea what to do with those. But I avoid judging others when it's possible it could be me who is the clueless one.

The NFT market is rather colorful and interesting with the likes of Jack Dorsey, Snoop Dogg, Paris Hilton, CZ, and other personalities buying and selling NFT pieces by the millions. I honestly don't know how they look at what I see as a fool's market.

Every problem has its own opposite sides, and we also need to understand that a common product cannot satisfy each individual, accept or reject, failure or success is what we decide for ourselves.
Blaming the product I think blame the people who brought it here, also I just got an NFT getting 1 BNB and this is insanely crazy, but it still happens to us :)

The problem with this is that you say there is another side of the coin and while that may be true this is not a 50/50 proposition as it would be with a real coin, the real odds are that in 99% of the cases the NFT you could be interested to obtain is a scam in one way or another, and the other side, the one you are talking about, which could turn out to be profitable has only 1% or less of all the NFTs on the market, and when such a disparity exist it is a mistake to even think about investing in such market.

Many people think that NFT is a big profitable investment in the future similar to Bitcoin, so they rush to buy these blockchain products. Millions of dollars have poured into the NFT.
In just a few weeks, the term NFT became the topic of discussion in many technology groups and flooded the Internet. Everything - from basketball player cards, game items, paintings, music to tweets - can be traded as NFT. The market for buying and selling NFT works is very busy. Many people also profit from the NFT works bought and resell.
However, experts say there is no sure way to know if NFT works will maintain their value over time.
NFT is not managed or operated by any entity The risk is great
Many analysts also believe that buying NFT carries many potential risks. Because their value is mainly based on speculation and buyers can only hope one day their NFT will be bought back at a higher price. But no one can guarantee this.

There's always two side of the coin which neither it could be a profitable one or would be a disastrous one and this NFT's is something that is really on that position whether they do end up profitable or would end up

on getting scammed with those things and knowing that NFT neither do have their utility or simply acts as a collection and we dont know if there would be some significant value of it

and also we shouldnt really that complaint out on how those people spent out their money since its their money after all and they do have the full rights on how they would gonna use it.

I have been watching the behavior of many NFTs, and I think that the games that really excel do so in a very short period of time, they are successful up to a certain point, and then they behave like an unsustainable system, and it is because in their economies they have many cracks, the creators do not calculate well and have errors that the games cost them, yes, they can capitalize in a moment but they do not have the intelligence to mount a game that their economy is prosperous for both them and their own devs, then everything is based on the hope that the metaverses may be the NFT games that do not have such cracks.

Oh, I can name so many NFT scams like these.

One recent one actually involved someone miscoding the smart contract and every single person who tried to mint it got hit with exorbitant gas fees and at the end they all failed.

It's truly a mania that we are in with NFTs. Not sustainable.

And whatever happens with their NFTs, it is their sole responsibility, because they venture into it.
So if you are one of those who are holding an NFT item or want to acquire one, you should do your own homework first.
At least evaluate its possible value in the future. Is it really worth possessing the NFT item?
Aside from that, check the authenticity of where you are acquiring it especially if you are spending a handsome amount of money.