A surprising news on social media about NFT.XYZ, a rapidly popular in the world of NFT, is becoming viral on social media. It is being claimed that this NFT market is going to shut down or scam is out. This news has not only created confusion among active users on the platform, but has also worried new investors. But the question is whether this news is correct, or is it also a fake news like other viral rumors of NFT Marketplace?
Controversy over enchanment nft.xyz
Enchanment NFT.XYZ started themselves as a new digital marketplace for NFT buyers and artists. Its UI and trading features caught the attention of people to some extent. But at the same time some serious doubts about the platform were also revealed, such as a lot of new website, reduced trust score, owner’s information being hidden and suspected of registrar. Due to which people believe that Enchanment nft.xyz is rip -off,
Although these things are alarming in itself, but from these reports to assume that the website is closing, it is probably hurry. Especially when no official statement has been revealed from the platform.
What is the real story?
So far no official announcement has been made by Enchanment NFT.XYZ for the closure of the website. The platform is still live and some of its basic services are still running. But its server response and UI have definitely seen some disturbances, causing people to assume that it is closing.
According to the information, Enchanment NFT.XYZ is still an active domain, but its registration is new and the owner’s information has been kept private. There are indications that the site cannot be reliable, but it does not prove that the website is closing, at least not yet.
Why is fake news spreading?
The NFT market has been infamous for scams and fraud events in the last few years. In such a situation, when a new platform is launched without trusted banking or open information, rumors are born on their own. Enchanment nft.xyz has also become part of this trend.
Some YouTube channels and Twitter accounts have declared it a scam, but there is no concrete evidence behind these claims. Its traffic decrease and technical durbax are definitely a matter of concern, but do not become the basis of spreading fake news.
What should investors do?
If you are thinking of buying or selling NFT on a new platform like Enchanment NFT.XYZ, care is very important.
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Check the website’s trust score, SSL and Whois records.
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Avoid making big investments until the validity of the platform is certified.
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Use only verified and transparent platforms such as Opensea, Rarible or CapitalTreasury NFT.
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Check the reality of NFT, is it authentic and is it really the owner who is claiming.
Conclusion
The ongoing news about Enchanment nft.xyz is currently just rumors. One such rumor was about CapitalTreasury NFT, but later Capitaltreasury NFT’s closure rumor turns out to be false Was. Although Enchanment NFT.XYZ has some flaws, there is no concrete evidence of its closure. In such a situation, investors need to be cautious instead of panic. Putting money on any platform without verification can be risky in NFT World. Remember, the faster the trends in the digital world, the faster the rumors spread.
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