In early January 2022 I posted a series of X messages (2022‑01‑10 to 2022‑01‑22) that examined the explosive NFT market growth, shared a Bitcoin chart, called out alleged scams involving @richkidsNFT and @richthekid, and listed red‑flag criteria for avoiding dubious NFT projects.
I reported that the #NFT market grew 42 988 % in a single year, rising from $33 million in 2020 to $13 billion in 2022.
I shared a Bitcoin chart on 2022‑01‑12 (link https://t.co/e6V1epZr2w) to illustrate broader market sentiment.
I accused @richkidsNFT of orchestrating an NFT scam involving a Bored Ape (BAYC): “That APE is from the NFT scam this @richkidsNFT did.”
I warned that projects promising physical gifts (sports cars, bags, jewellery) or hyping a floor price of 1 ETH soon are red‑flagged and should be avoided.
- Decision: publicly label @richkidsNFT and @richthekid as a scam to warn the community.
- Decision: avoid any NFT project that meets the red‑flag checklist I outlined.
- Why: multiple participants repeatedly called out the alleged scam and the red‑flag signals consistently correlate with low‑quality projects.