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Yeah I agree with this, something has to be going on. Every time the price makes the headline for something, be it art, real estate, etc I usually think launder
by ct0 6y ago
Yeah I agree with this, something has to be going on. Every time the price makes the headline for something, be it art, real estate, etc I usually think laundering is the main driver of extraordinarily high price.
- ethanbond 6y agoIt was apparently purchased by the CEO of the largest NFT... marketplace (?) So yeah it’s basically a marketing expense for NFTs broadly.
- rasz 6y agoIts a scam. Like https://www.engadget.com/2019-02-15-super-mario-bros-cartridge-auction.html https://www.engadget.com/2019-02-15-super-mario-bros-cartrid... "Super Mario Bros. is now jointly owned by three buyers: Jim Halperin, the founder and co-chairman of the collectibles auction company Heritage Auctions," classic fake pump of assets you already own a bunch and want to create illusion of value
- ChainOfFools 6y agoor, in the time honored tradition of the ICO, it's one entity moving money from one obfuscated pocket to the other, under the pretext of a "sale," to inflate the value of an asset class they want to draw unsophisticated attention ($) to. Pretending two wallet addresses are unaffiliated prior to a transaction is trivial to arrange and with some forethought would be invisible to blockchain analysis. But the superficial story is too juicy for the tech (and now, art) press to ignore, and the people savvy enough to expose the fraud also happen to be elbow deep in Eth/crypto HODLings and stand to benefit far too much by letting it proceed without criticism.