The survival of your NFT collection may depend on this

Blockchain may be fact, but Web3 is only presentation.

A while back I made a series of videos talking about the levels and layers in blockchain when it comes to web3. The point I was trying to make is that although (roughly speaking), blockchains store facts, web3 sites are presentations of those facts, and can therefore easily be subverted.

Not a lot of people seem to be aware of the distinction, or its ramifications.

But recently, an NFT token owner was scammed out of half a million dollars worth of tokens due to a lack of awareness of this distinction (and to be fair, a pretty clever if simple scam).

Listen to the episode to find out more.