“How to Avoid Having Your NFT Drop Become the Next Fyre Festival- Five tips for buyers, sellers, investors and promoters.”

“How to Avoid Having Your NFT Drop Become the Next Fyre Festival- Five tips for buyers, sellers, investors and promoters.”

The Fyre Festival was a 2017 fraudulent music event promoted to take place in the Bahamas. Convicted con artist Billy McFarland was the primary promoter along with rapper and actor, Ja Rule. Well-known Instagram and social media influencers Kendall Jenner, Bella Hadid, Hailey Baldwin, and Emily Ratajkowski generated excitement with their social media posts.

Social media was buzzing with anticipation, with everyone paying thousands of dollars, in some cases tens of thousands, to be part of this one-of-a-kind Coachella type of exotic island event. There was just one problem. A colossal rug pull was about to happen, and nobody saw it coming. [click to enjoy the full article]

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