New tech, old scams: Don't fall for these crypto and NFT ripoffs

Web3 products like non-fungible tokens and cryptocurrencies are already changing the world, a shift that blockchain evangelists say will revolutionize how the internet is constructed, how we bank and transfer money, how people pay for goods and even how we socialize in the nascent metaverse. "One of the biggest flaws of web3 is the lack of regulation," says @molly0xFFF of https://t.co/eqT2FmbVT1 pic.twitter.com/I2YjfGnDYg

For now, most Americans couldn't care less. Google searches show interest is already cooling in NFTs, bitcoin, decentralized autonomous organizations and other innovations associated with Web3. One reason? Rampant fraud, experts told CBS MoneyWatch. — Dan Patterson (@DanPatterson) March 8, 2022