Fear, Uncertainty, and Doubt – a strategy used to spread bad/negative news about certain NFTs or crypto token.
The Long Explanation
It is an acronym for Fear, Uncertainty, and Doubt, which is a strategy commonly used to spread bad, negative, and misleading news or information about certain NFT projects, thereby causing people to sell their assets and paper hands.
This strategy is mainly used to influence people’s perception of certain NFTs or even the entire NFT market in general. Fud can be spread by the media, influencers, and paid bad actors.
FUD rumors have the ability to shut down promising NFTs even before they hit the market, and FUD attacks focus not just on NFT projects but also on NFT artists.