Web3 offers limitless opportunities, including lucrative job prospects that are rare in other industries. Aspiring software engineers, developers, designers, marketers, managers, analysts, and writers are tapping into this emerging market to build exceptional careers, often by taking unconventional paths to stand out. While many job-hunting websites serve the web3 sector, some startups are transforming the job market. One such startup is Rethinkable.

Rethinkable aims to revolutionize recruitment by improving efficiency and lowering entry barriers for candidates, companies, and the community. The platform plans to incentivize positive behavior through a refer-and-earn model, educate users through courses, and promote honesty through user verification.

To foster decentralization in web3, essential elements like anonymity must be in place. Rethinkable embraces these principles to simplify the web3 job market. Currently, the platform uses a bot to match top talent with projects, startups, and web3 unicorns. By leveraging decentralized social media and Discord, Rethinkable creates a community that connects employers and job seekers.

The platform allows users to post jobs and apply for opportunities quickly and easily. Users can browse categories such as creatives, developers, alphas, advisors, and more. The bot handles application submissions, while users can create and review their profiles, confirm applications, and set notifications for preferred jobs.

Employers also benefit from Rethinkable. They can build customized brand profiles on the platform, post unlimited job listings, and gain visibility through the company’s referral, partnership, and marketing efforts.

As a solution-oriented startup, Rethinkable is expanding its product features to create a comprehensive web3 networking platform. This platform will offer effective networking capabilities while ensuring anonymity, security, and verification. Here are seven exciting Rethinkable web3 job features coming soon:

Individual Profile

This page allows talents to showcase their skills to potential employers, including a brief history of their background and work experience.

Company Profile

Posting jobs is only part of the process; ensuring that companies are reputable is equally important. This feature provides background information and details about companies, helping talents identify trustworthy web3 employers and supporting career growth.

Purple Tick Profile Verification

This feature helps talents and employers make informed decisions by providing a verification system. Companies and professionals who meet specific criteria receive a purple tick, symbolizing trust and credibility.

Service / Freelance Marketplace

This feature allows employers to hire freelancers for specific projects. The Rethinkable algorithm matches employers with web3 professionals whose profiles, skills, and experience align with the gig opportunities posted.

Networking / Explore Session

This feature functions like LinkedIn for web3, enabling users to build connections with industry experts through the ‘explore’ page. It helps users develop productive relationships that could lead to their ideal job.

Messaging, Notifications, and Connections

Building a solid network requires effective communication. The messaging feature allows users to send direct messages, foster relationships, and close deals. Notifications ensure that users stay informed about their recent activities, such as new messages and connection requests, so they don’t miss any opportunities.

On-Chain Achievements

In a decentralized marketplace, security and authenticity are essential. This feature offers access to an identity layer that utilizes users’ account balances to prevent scams. Through the integration of NFT marketplaces, crypto, and web3 wallets, the platform ensures a secure environment for both job seekers and employers.

Conclusion

Despite Rethinkable creating a leading job marketplace on Discord, the team has ambitious plans to enhance its features by developing a freelance marketplace on its website. However, like any Web3 company, it faces risks and challenges. Always Do Your Own Research (DYOR) before investing in any project.

Disclaimer!: The above content is for educational purposes only and is not financial advice (NFA).

Web 3.0 is increasingly gaining momentum, creating a surge of new millionaires. However, like any emerging technology, it is not immune to cybercrime. Scammers are exploiting the “get rich quick” mentality prevalent in this industry to deceive victims. In this article we’ll explore common types of Web3 scams and how to prevent them. Let’s dive in.

Web3 Job Scams

Web3 jobs are particularly vulnerable due to the activities of scammers who target individuals on social media and job marketplaces. These fraudsters often offer positions such as community manager or collab manager, promising compensation in cryptocurrency or tokens upon project launch. When the project is ready to go live, these scammers disappear with the employees’ salaries. They may also use fraudulent websites to trick job seekers into submitting their wallet information for token and NFT scams.

DAO Scams

Decentralized Autonomous Organizations (DAOs) are designed to operate with computer-encoded rules, free from governmental control, and governed by their members. While some DAOs are established with genuine intentions, others are created to defraud members and potentially result to bankruptcy.

Non-Reputable Team

A key indicator of a DAO scam is the team behind it. If the team consists of inexperienced builders and questionable influencers, it can be a red flag. Research the founders’ backgrounds and industry reputation to gauge the legitimacy of the DAO. Additionally, check online sources and feedback from major industry figures to make an informed decision.

Token Distribution

The initial token distribution, or genesis supply, is crucial to assess. If a disproportionate amount of tokens is held by a few individuals or investors, it could indicate a potential scam. These major holders might sell off their tokens, causing the value to drop significantly. Ensure that the token launch is fair and be mindful of how the DAO’s treasury is managed.

NFT Exit Liquidity

Some DAOs are set up with the intention of selling worthless projects to their community. Most times, they engage in such fraudulent acts while pretending to offer valuable insights or “Alpha calls.” Scammers may create DAOs to offload poor-quality NFTs, making it crucial to ensure the DAO provides genuine value rather than serving as an exit strategy for scam influencers.

NFT Scams

The NFT market itself comprises several atrocities by scammers from security breaches to investment tricks as these blockchain fraudsters continuously come up with new strategies to defraud their victims. Although, there are many ways scammers breach privacies to conduct their barbarous acts but here are 8 common ways to spot NFT scammers:

Unsolicited Discord DMs

Scammers often use unsolicited direct messages on Discord, posing as moderators or support staff to offer fake assistance. They may request your seed phrase to access your NFTs or trick you into providing information before purchasing future NFTs. So, ensure to always protect yourself by locking your Discord DMs and avoid sharing sensitive information with unknown contacts.

Fake Twitter and Support Pages

Fake Twitter accounts are frequently created to impersonate legitimate projects and deceive victims. Scammers may ask for your wallet details or seed phrase under the pretense of verification. So, always verify the authenticity of Twitter accounts by checking spelling and other details. Sharing your seed phrase should always be avoided, regardless of the requester’s apparent reputation.

Look-Alike Websites

Look-alike websites are commonly used by scammers to defraud victims. They may clone project websites and marketplaces, as demonstrated by the X2Y2 NFT marketplace scam, where a fraudulent URL with an extra “www” was used to steal 100 ETH. Verify URLs carefully, bookmark official sites, and consult official Twitter accounts and Discord channels for accurate links.

Fraudsters may also use cloned websites when sending unsolicited DMs or distributing scam messages on Discord, especially when members request website links. To protect yourself, verify the official Twitter accounts of the marketplaces you use regularly and bookmark these accounts for easy and secure access. Additionally, always check the “Official Links” channel on a project’s Discord server and stay updated with their Twitter posts to avoid falling victim to scams.

Discord Hack

Scammers may hack Discord channels and post misleading announcements that deviate from a project’s established plan. For example, an unexpected minting event might be announced. So, ensure to always verify such announcements on the project’s official Twitter page and be cautious of any disorganization in Discord channels, as it may indicate a scam.

Mint Scam

Scammers often pose as project founders, using attractive roadmaps and community engagement to lure victims. They may announce a mint date and direct you to a fraudulent website. To protect yourself, ensure to use separate wallets for minting and collecting NFTs. Avoid rushing to mint and wait for a few successful transactions before proceeding.

Pishing

Phishing scams involve fraudulent emails that mimic reputable marketplaces. These emails typically contain malicious links designed to steal wallet information. So ensure to always verify the sender’s address and only communicate through verified channels.

Fake Airdrops

Airdrops, usually rewards for early adopters, can be exploited by scammers. They may send fake tokens or NFTs to lure victims and then steal from their wallets. Research airdrop opportunities thoroughly before participating and avoid claiming unsolicited tokens.

Scam NFTs

Scammers sometimes create clone NFT projects or use edited images with fake verification on marketplaces. These tactics aim to deceive investors into buying counterfeit NFTs. So, ensure to verify the authenticity of collections and NFT websites before making any purchases. Also, remember to disconnect your wallet after each transaction is complete.

NFT scams can occur in both new and established projects. Here are three key indicators to help identify potential NFT scams:

Uncorrelated Derivative and Copy-Cat Art

Scammers often create NFTs that are derivatives of successful projects, using the reputation of the original to deceive victims. Despite sometimes achieving high floor prices, these NFTs typically lack genuine correlation with the original project and are frequently reported and delisted. An example is Ryder Ripps’ Bored Ape Yacht Club on the Ethereum blockchain.

Inorganic Growth

A significant number of bots compared to real users in a project’s Discord channel is a major red flag. Additionally, if a project’s Twitter account shows signs of purchased followers or bot-like activity, it suggests the project may not be genuine.

Lack of Community Interest

Several factors can cause community members to lose interest, including poor team decisions or unresponsive moderators. Monitor the activity within a project’s Discord channel; if moderators fail to address questions or if there is frequent discord among the community, it indicates potential issues with the project.

NFT projects can fail due to poor marketing, particularly when marketing efforts are handled by the wrong individuals. Scammers often exploit influencer marketing to defraud investors, leveraging high-profile visibility to their advantage. Here are five ways to identify NFT scam influencers:

Recently Created Twitter Accounts

Scammers frequently create new Twitter accounts solely for promoting projects. These accounts are often newly established because scammers focus on shilling rather than building a genuine following. They may create new accounts after gaining notoriety on previous ones or after being banned.

High Number of Bot Followers

A significant number of bot followers on an account is a red flag. Scammers may have tens of thousands of bot followers to create the illusion of credibility and attract paid influencing gigs for fraudulent projects. This tactic is used to deceive and manipulate their audience.

Poor Reputation

Scam influencers typically have a history of dubious activities, including rug pulls. These individuals are known for their willingness to promote any project for monetary gain, often at the expense of their followers and the integrity of the industry.

Focus on Giveaway Content

An overemphasis on NFT giveaways can signal a scam influencer. These individuals often prioritize paid promotions and attracting followers over providing genuine value to the Web3 community. Their primary goal is to engage in deceptive practices rather than contribute meaningfully to the industry.

Promotion or Promo Mention in Bio

A Twitter profile that includes terms like “Promoter,” “Promo,” or lists “Promotion Price” in its bio should be approached with caution. Such accounts are often operated by scam influencers who advertise their services for promoting projects, including those with fraudulent intentions.

Final Thoughts

As Web3 technology advances, the rise of scams poses a significant threat. Scammers are exploiting vulnerabilities through deceptive job offers, fraudulent DAOs, and misleading NFT schemes. To safeguard your investments, it’s crucial to remain vigilant and conduct thorough research before investing into any project.

Despite the ongoing NFT market crisis, builders continue to innovate, creating valuable opportunities for those who navigate the space effectively. Several factors drive the increase in price and community value perception of NFTs. Here are seven strategies to identify promising NFT projects in any market:

Uniqueness of Art

The uniqueness of an NFT’s art significantly impacts its perceived value. Aesthetically pleasing and distinctive artwork often commands higher prices. For instance, projects like Doodles and RKFT highlight the importance of unique visual appeal.

When evaluating NFT collections, focus on standout features beyond rarity. Collectors are often willing to pay more for art that resonates with them. Additionally, unusual or unconventional designs, such as those found in Ill Poop It NFT or Goblin.wtf, can also attract value, especially when combined with other growth factors.

While visual appeal and eccentricity are important, consider the preferences of the blockchain space in which you’re investing. For example, on Ethereum, unique or odd designs might be more valued, while on Solana, visual appeal plays a critical role.

Roadmap

A roadmap outlines a project’s short-term and long-term plans, detailing its goals and timeline to provide utility for holders. It covers projected growth from the pre-mint phase to the post-mint phase, often divided into standard calendar quarters. Key elements of a roadmap include:

Supply

The roadmap specifies the maximum supply of NFTs, which typically ranges from a few hundred to several thousand items. In some cases, the supply may be limited to a single item, such as membership passes or gaming projects that are collectively owned, granting equal access and utility to all members.

Mint Price

The mint price indicates the cost to mint each item in the collection. This price can vary between projects and may influence the project’s success or failure.

Tokenomics

Tokenomics plays a crucial role in determining the value of NFTs. It involves rewards for staking NFTs, often determined by their rarity.

When evaluating tokenomics, consider several key factors to gauge its potential impact on the project’s success. Start by examining the capacity of DAO members and how tokens are allocated. Assess the utility of the tokens within the project. This analysis will help you determine whether the tokenomics genuinely supports the project’s long-term viability or if it merely presents a compelling but potentially misleading feature.

Merchandise and Events

The social utility of an NFT is significant. Owning an NFT can offer access to exclusive events and influential figures. For example, early investors in Bored Ape Yacht Club (BAYC) had opportunities to meet celebrities like Eminem and Snoop Dogg due to their $500 art investment. This aspect helps build community, fosters a sense of belonging, and strengthens social connections.

Metaverse

The integration of NFTs into the metaverse enables owners to utilize their NFTs within virtual environments, enhancing their digital experience. This integration allows for the use of NFT avatars and items in diverse activities across digital worlds. For example, RTFKT facilitates community engagement through metaverse meetups, fostering strong relationships among its members. Similarly, Play-to-Earn games such as Crabada and Wolf Game demonstrate the robust connection between NFTs and virtual worlds.

Community

The community surrounding an NFT project is a crucial factor to evaluate before investing. This group of individuals plays a significant role in determining the project’s success or failure. The community’s sentiment influences the floor price which is the minimum amount an NFT can be bought. A surge or downturn in the floor price often reflects the community’s trust in the project.

When evaluating an NFT community, consider how well it fosters a sense of belonging and active participation among its members. A strong community creates an environment where individuals feel connected and supported, contributing to a positive and engaged atmosphere. Look for signs of commitment to the project’s long-term goals rather than quick profits.

Furthermore, assess whether the community is involved in building and promoting the project’s brand. This includes using NFTs as profile pictures and actively engaging in discussions and events. Successful projects like Bored Ape Yacht Club and CryptoPunks on Ethereum, as well as DeGods and Trippin Ape on Solana, highlight the impact of a dedicated and engaged community on an NFT’s value and success.

Team

When evaluating an NFT project, it is crucial to consider the team’s composition, which includes developers, designers, artists, and entrepreneurs. Their experience and track record often influence the project’s future success. Here are key factors to consider:

Founders’ History

It is essential to research the founders’ backgrounds before investing. Some individuals may have a history of launching scam projects and quickly moving on to new projects after defrauding their previous investors. For instance, the team behind Ballonsville, which scammed its investors, later attempted another scam with Reptilian Renegade. The project’s floor price dropped significantly when the team’s reputation was exposed. This underscores the need for thorough background checks.

Work Experience

Assessing the founders’ experience in the Web3 space is crucial. Look into their past roles and contributions to the industry. Have they worked with notable Web3 entities or achieved significant milestones? Understanding their professional history can provide valuable insights into whether or not they are experienced creatives willing to build long-lasting solutions.

Engagement

The founders’ engagement with the Web3 community can significantly impact their project’s perceived value. Examine their activity on social media platforms like Twitter. Are their interactions educational and constructive, or controversial and divisive? For example, the Beeings project on Ethereum plummeted in price after its founder became involved in a contentious gender equality issue with the “World of Women” community. Similarly, the Bubblegoose project on Solana experienced a decline in perceived value after its founder criticized a respected project, Trippin Ape. Such actions can negatively impact the project’s reputation and investor confidence.

Partnerships

Partnerships play a crucial role in determining an NFT project’s value. Since projects often align with partners that share similar values and goals, it is important to evaluate the community strength of these partner projects, as their members can become potential investors. If a partner project faces difficulties in scaling, the main project is likely to encounter similar challenges.

Product

Evaluating the product involves understanding the project development goals and the problems it seeks to address. A compelling use case significantly boosts the perceived value and attracts long-term holders. Examine what the project is contributing to the space, the specific issues it aims to resolve, and how these objectives are articulated in its roadmap. These elements are essential in assessing the project’s potential and overall appeal.

Marketing

Hype significantly impacts the perceived value of NFTs by indicating the level of interest from potential investors. High-profile endorsements and influential voices can signal whether a project might become a major success or merely perform moderately. Evaluate who is promoting the project and the number of reputable influencers discussing it to gauge its potential.

Although marketing and hype are important, they should be considered alongside other factors, as lasting success cannot rely solely on hype. For instance, the NFT project Mfers succeeded due to its strong community and marketing, despite lacking a formal roadmap.

Conclusion

Even amidst the NFT market’s fluctuations, opportunities for significant gains remain. Success in finding valuable NFTs hinges on several factors including the uniqueness of the art, roadmap, and community strength. Evaluating the team behind NFT projects, partnerships, and potential integration into the metaverse, is essential. While hype and marketing can drive initial interest, they should not be the sole criteria.

Disclaimer!: This is an educational content and not financial advice (NFA).

The collapse of the second-largest cryptocurrency exchange has profoundly impacted the crypto market, leading to significant financial losses and eroding trust among investors. Despite the market’s history of volatility, the FTX crash has intensified fears among both seasoned and potential investors. Here are seven crucial lessons from the FTX debacle:

Invest Only in What You Understand

Conduct thorough research before investing in any cryptocurrency project. Avoid buying based on FOMO (Fear Of Missing Out) or incomplete understanding. Always perform comprehensive due diligence before committing your funds. Consider these key factors:

Inspect the Website

Review the project’s website for information on the team, objectives, whitepaper, and partnerships. The founders’ backgrounds, the project’s goals, and its affiliations are critical indicators of its potential success.

Evaluate the Team

Assess the individuals behind the project. Investigate their experience, past performance, and reputation in the industry. A negative reputation can be a significant red flag.

Examine Partnerships and Affiliations

Scrutinize the project’s partners and affiliated companies. For instance, Alameda, a hedge fund established by FTX CEO Sam Bankman-Fried, had $12 billion in assets but $7 billion in liabilities. A substantial portion of its assets was tied to the FTT token, which plummeted after Binance liquidated its investment.

Thoroughly Evaluate the Whitepaper

The whitepaper provides detailed insights into the project’s objectives and mechanics. Examine the tokenomics, which include the token distribution process, supply limits, and plans for future minting and burning. Ensure the whitepaper is professionally written, with clear grammar and structure, to avoid potential issues and losses.

Check for Utility

Evaluate the token’s use case. If the token’s value is driven purely by hype without a solid utility, it’s a red flag. Before investing, consider whether there will be future demand for the token and if others will find it valuable.

Inspect the Community

Join the project’s community on platforms like Discord, Telegram, Reddit, and Twitter. Assess the authenticity of its members and followers by evaluating engagement quality and interaction. Review discussions to gauge genuine interest and observe how moderators handle key questions. Lack of responses from moderators may indicate potential problems.

Study the Price History

Analyze the token’s price history over both short and long terms. Significant price fluctuations, especially those involving rapid rises followed by sharp declines, may suggest a pump-and-dump scheme by large investors. Such patterns often indicate a lack of long-term viability.

Inspect Market Metrics

Market metrics provide essential data about a token, aiding in informed decision-making. Use resources like CoinMarketCap and CoinGecko to review key market factors, which include:

Market Capitalization

Market capitalization is calculated by multiplying the coin or token price with its circulating supply. A higher market cap generally indicates a more established and stable asset. For safer investments, consider tokens or coins with a market cap exceeding $1 billion. However, investing in tokens with lower market caps may also be viable if their price and circulating supply are reasonable, provided you have thoroughly evaluated other factors such as the team, partnerships, and community.

Trading Volume

Trading volume reflects the frequency of transactions for a cryptocurrency within a given timeframe. A high trading volume indicates strong buying activity, ample liquidity, and price stability, making it easier to buy or sell the asset. Low trading volume, on the other hand, suggests reduced activity and liquidity, which can lead to price instability and difficulty in executing trades.

Supply Metrics

The maximum supply of a coin indicates the total number of coins that will ever exist, while the circulating supply shows how many are currently in circulation or traded. Analyzing both the maximum and circulating supplies helps assess the coin’s potential scarcity.

Invest Only What You Can Afford to Lose

Avoid investing more than you can afford to lose. The cryptocurrency market is highly volatile, and there are no guarantees of profit. Invest only with funds you can comfortably afford to lose if the market moves against you.

Diversify Your Investments

Do not concentrate all your investments in a single token or project. Even if you are passionate about a particular cryptocurrency, spreading your investments across multiple promising tokens reduces risk. This approach protects you from significant losses if one project underperforms.

Choose Exchanges with Proof of Reserves

Trade on exchanges that provide transparency about their financial health. Ensure the platform has a secure asset fund to protect users in case of financial difficulties or cyber attacks. Lack of disclosure about reserve funds is a major red flag.

Don’t Over-Leverage

Be mindful when choosing leverage for cryptocurrency trading. High leverage can boost profits with a small investment but also raises the risk of liquidation. Given the market’s volatility, even a single event can significantly impact your trade. Using lower leverage, especially with larger amounts of capital, helps mitigate this risk.

Don’t Store Your Assets in Centralized Exchanges

Centralized exchanges, though popular for trading, pose significant risks. These platforms require personal identification for security and are vulnerable to external attacks. Past incidents with exchanges like Mt.Gox, Binance, and Huobi have shown the dangers, including significant losses due to hacking. The FTX crash, where over $1 billion in client funds disappeared, highlights the unpredictability and risks of keeping assets on such platforms. Instead, using decentralized crypto wallets and securing assets with a hardware wallet or ledger can provide better protection. Remember, not your keys, not your coins.

No Project Is Too Big to Fail

No cryptocurrency project is immune to failure, regardless of its size or market position. Overconfidence based on a project’s longevity can be misleading. For example, FTX, once a leading exchange with a $30 billion market cap, collapsed. Ensure to always approach investments with caution and avoid the assumption that any project is too big to fail.

Conclusion

The FTX crash has highlighted key lessons for crypto investors. Ensure to always conduct thorough research before investing into any project and safeguard your assets by managing your portfolio wisely.