How to identify whether an NFT collection is trustable

As the value of NFTs gradually increases and the number of participants grows, counterfeit products have also begun to appear on the market. If users purchase a replicated NFT artwork on the market, they may not only fail to obtain the same value as the original artwork, but also suffer financial losses. Therefore, identifying NFT replicas has become an important issue for NFT enthusiasts and investors, as well as an essential skill. In this article, we will introduce some methods and techniques for identifying NFT replicas, hoping to be helpful to users.

Blue-Chip Certification：

AlienSwap adopts a blue-chip strategy compatible with OpenSea and Reservoir. A blue-chip on a collection project indicates that it has achieved a certain level of sales and attention, and has been validated by the market, which greatly reduces the risk of users purchasing fake projects.

However, it should be noted that not having blue-chip does not necessarily mean that it is a copycat or fraudulent content. For projects that currently do not have blue labels, users can consider the following aspects:

1. Background, community size and activity:

Check the official website and social media published by the collection to see if they are credible and traceable. 

Pay attention to the size and activity of the NFT collection community. A healthy NFT collection community usually has active discussions and reasonable trading activities.

2. Uniqueness and originality:

The uniqueness and originality of an NFT collection are important components of its value. When considering purchasing an NFT collection, pay attention to whether its design, patterns, and elements are unique and original. If you find that the NFT collection has a high degree of similarity to other NFT collections, be cautious and avoid purchasing a copycat.

3. Contract address and transaction records:
Before purchasing an NFT collection, check its contract address and transaction records to ensure that they match those provided on the official website.

Also, pay attention to whether there are a large number of transactions concentrated in a few addresses, which may be a sign of copycat behavior.

When you find abnormal transaction records of an NFT collection, be careful to avoid becoming a victim of a copycat.