When browsing JPG Store, you might notice that some NFT collections lack a verification badge. Understanding the implications of unverified collections is crucial for making informed purchases in the Cardano NFT marketplace.
What Is Verification on JPG Store?
A verification badge on JPG Store indicates that the marketplace has confirmed a collection's legitimacy. This means the collection has been reviewed to ensure it's created by the rightful owner. However, verification is not an endorsement of the project by JPG Store; it's simply a way to confirm authenticity.
Why Isn't a Collection Verified?
Several reasons might explain the absence of a verification badge:
Newness: The collection may be new and hasn't undergone the verification process yet.
Pending Review: Verification might be underway but not completed.
Creator's Choice: The creator may not have applied for verification.
Is It Risky to Buy from an Unverified Collection?
While many unverified collections are legitimate, they require more diligence from buyers. Without verification, it's harder to confirm if a collection is genuine or created by an impostor.
How to Stay Safe When Buying NFTs
Research: Check the creator's official channels and community presence.
Double-Check: Ensure the collection is linked from the creator's verified social accounts.
Be Cautious: If anything seems unclear or suspicious, proceed carefully.
Verification on JPG Store ensures authenticity but doesn't guarantee the quality or success of a project. Always do your own research, even for verified collections, and exercise extra caution when purchasing from unverified ones.
What’s Next?
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