5 Ways a Web3 Affiliate Program Can Kill NFT Influencer Scams

The problem with some influencers : The problem of “pseudo” influencers scamming people on social media through the sale of NFTs is a growing concern in the web3 world.

These individuals often have large followings and appear legitimate, but they are actually using fake accounts or bot followers to boost their perceived influence. They prey on unsuspecting artists and web3 entrepreneurs, sending them DM (Direct Messages) on Twitter and Instagram that offer to sell NFTs for upfront payment while promising a large return on investment “I will ‘sold out’ your collection” is the typical message you will receive. However, once they receive the payment, they often disappear or fail to deliver on their promises, leaving their victim out of pocket. and without solutions.

These scams can be particularly devastating for artists and web3 entrepreneurs, who may be relying on the sale of their NFTs as a source of income. In addition to financial losses, these scams can also damage reputations and make it more difficult to sell NFTs in the future.

It is important to note that not all influencers who offer to sell NFTs are scammers. However, it can be difficult for individuals to distinguish between legitimate influencers and those who are using fake accounts or bot followers to manipulate their perceived influence. As a result, it is important for people to be cautious when working with influencers and to do their research before agreeing to any financial transactions.

One of the first thing to do is to open their list of followers and check for each follower, the frequency of posts and the numbers of followers.

Affiliate program from web2 to web3 : Affiliate marketing is a huge and growing market, with estimates suggesting that it reached around $17 billion in 2022. In the web2 world, affiliate marketing has proven to be a successful and popular method for promoting products and services online. In the web3 world, a web3 affiliate program for NFTs can offers number of benefits for both NFT creators and affiliates.

One benefit is that it allows NFT creators to reach a wider audience. Affiliates in a web3 affiliate program have their own networks of followers and connections, which can be used to promote the NFTs to new potential buyers. This can help to increase the visibility of the NFTs worldwide and potentially lead to more sales.

Another benefit is that a web3 affiliate program ensures that affiliates are only paid for their successful efforts. This means that affiliates are incentivized to promote the NFTs effectively, as they will only be paid for the sales that they generate. This can lead to more successful NFT sales for the creator and a better return on investment.

For affiliates, a web3 affiliate program provides an opportunity to earn money from home by promoting NFTs that they are passionate about.

Additionally, a web3 affiliate program is accessible to anyone with a crypto wallet, regardless of whether they have a bank account or not. This opens up the opportunity to participate in affiliate marketing to a global audience.

Overall, a web3 affiliate program can provide a number of benefits for both NFT creators and affiliates. It allows NFT creators to reach a wider audience and ensures that affiliates are only paid for their successful efforts, while also providing affiliates with the opportunity to earn money from home and build a portfolio of successful NFT sales.

TheFamous a Web3 venture dedicated to street culture and streetwear drops is one of the first company offering a web3 affiliate program for its marketplace NFTs with an up to 20% per NFT sold via your affiliate link.

In conclusion, the problem of “pseudo” influencers scamming people through the sale of NFTs is a growing concern in the web3 worlds. These individuals use social media to manipulate their perceived influence and take advantage of unsuspecting individuals, often leaving them out of pocket. A web3 affiliate program for NFTs offers a solution to this problem by providing the following five benefits:

1. Paying affiliates on success: In a web3 affiliate program, affiliates are only paid for their successful efforts. This means that they are incentivised to promote NFTs effectively and are not tempted to engage in fraudulent practices in order to receive upfront payment.

2. Reaching a wider audience: A web3 affiliate program allows NFT creators to tap into the networks of affiliates and reach a wider audience. This can help to increase the visibility of the NFTs and potentially lead to more sales.

3. Providing an opportunity for affiliates to earn money from home: Affiliates in a web3 affiliate program can earn money by promoting NFTs that they are passionate about from the comfort of their own home anywhere in the world.

4. Building a ‘verifiable’ portfolio of successful NFT sales: A web3 affiliate program allows affiliates to build a portfolio of successful NFT sales, which can be used to attract future opportunities and clients.

5. Accessibility to anyone with a crypto wallet: A web3 affiliate program is accessible to anyone with a crypto wallet, regardless of whether they have a bank account or not. This opens up the opportunity to participate in affiliate marketing to a global audience.

In short, a web3 affiliate program for NFTs provides a way to combat fraudulent practices, reach a wider audience, and earn money from home.

If you’re an NFT creator or affiliate, consider joining a web3 affiliate program in 2023 and be a part of the solution to the problem of NFT 'fake' influencer scams.