# How the scams work in NFT

By [01dcat](https://paragraph.com/@01dcat) · 2022-03-07

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![](https://storage.googleapis.com/papyrus_images/2e43a395833a1fcc585c9a1f3526648a805781eb3d5c53cda18314f10ad33486.png)

One of my NFT bots just detect a contract be minted more than 100 times in last 10 mins, and want me to take look(to get some good stuffs)

How it looks like
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[https://etherscan.io/address/0x6dbc1f3961fd606feaf5fb73245aa4b2674d1e66](https://etherscan.io/address/0x6dbc1f3961fd606feaf5fb73245aa4b2674d1e66)

![](https://storage.googleapis.com/papyrus_images/b257f0ee76a1b094ca7efecf306455ac91fe9a17a45e122495d43c3e80d45397.png)

this is the contract, and several mint happen in last fen hours and it is called [Louis Vuitton (LV)](https://etherscan.io/token/0x6dbc1f3961fd606feaf5fb73245aa4b2674d1e66)

![](https://storage.googleapis.com/papyrus_images/594aa8c935ed3b6127482ec250083c4a4ba8cf04b43550385da2aaee0fb4fadc.png)

it was created 2 days ago, and the owner is [https://etherscan.io/address/0xbbeec324cdf3fc2629b4f180f493341619063572](https://etherscan.io/address/0xbbeec324cdf3fc2629b4f180f493341619063572)

What activities on the contract
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![](https://storage.googleapis.com/papyrus_images/7f947050680735022ca00a470dbba89765f21abac0b7a9d858788cfdff0002f0.png)

from the high level point of view, it is fake! But let’s get little closer to get more understand how the scams happen here

What is the Mint will do
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[https://etherscan.io/tx/0x268c6fc95db75cabdcdc94e4be7c52272c685b3a127b4c7009cddf364817ce59](https://etherscan.io/tx/0x268c6fc95db75cabdcdc94e4be7c52272c685b3a127b4c7009cddf364817ce59)

![](https://storage.googleapis.com/papyrus_images/0b2bbe2610eb8f8592c54469f241d510b9a8d1ba70e890b13b1bad3bd7f09e84.png)

this mint function only do one thing: give others an nft. Why scammers do this? they are trying to make you believe it is a real one, and the whales are holding them!

Who got the nfts? P you be used again!

![](https://storage.googleapis.com/papyrus_images/7e636d5516e771835256d7a3486f90541d4033edbe4345972a1691d2d5fd8c9e.png)

How the Opensea looks like
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[https://opensea.io/collection/louis-vuitton-official-nfts](https://opensea.io/collection/louis-vuitton-official-nfts)

![](https://storage.googleapis.com/papyrus_images/880b945246efce23f25ba3804850786c322511b8819b98de0923d7813d9606c5.gif)

look at the small checked mark on the icon, it is a gif. The scammers want you believe it is verified .

let’s compare the real almighty mfers: [https://opensea.io/collection/mfers](https://opensea.io/collection/mfers) move your mouse to the small checked mask, you will see this(Verified Collection)

![](https://storage.googleapis.com/papyrus_images/f266b20a272b803e05399c972859183e8260ffa447f6ffb185d196a1a17aed23.png)

And more — with 86e floor price to make you believe it is very high value NFTs

![](https://storage.googleapis.com/papyrus_images/2e43a395833a1fcc585c9a1f3526648a805781eb3d5c53cda18314f10ad33486.png)

And MORE! Scammers have some offers from themselves to make you FOMO ever more.

![](https://storage.googleapis.com/papyrus_images/f8ec78a6d02b2662dd9448102d474bf40272add17fa1d47b4cdc717078b5e355.png)

When the people be tricked and how much them will pay
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![](https://storage.googleapis.com/papyrus_images/80525b31112a58cfc69139406c88280264e5abb85f8ed4b99a54e0be7e2b620a.png)

After you click mint, you will call mint function like this [https://etherscan.io/tx/0xe184c0a72b7bf2070c90281782a60f9d7ccc9e152a5bf6fb076fd840e6ed89e7](https://etherscan.io/tx/0xe184c0a72b7bf2070c90281782a60f9d7ccc9e152a5bf6fb076fd840e6ed89e7)

![](https://storage.googleapis.com/papyrus_images/72267ec0fc00231ceecae82013d725489271e0151fa572a31612b4c5a3abf5ed.png)

wow, LFG!! you will get a **fake** NFTs only 0.12, far more better you get nothing from other scammers.

How to avoid the scammers
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Just remember several things:

*   You won’t be that lucky to win a lottery!
    
*   Those scammers are working very hard to get you money.

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*Originally published on [01dcat](https://paragraph.com/@01dcat/how-the-scams-work-in-nft)*