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How much fake bidding / shill bidding do you see on your platform? It seems that many "high value" auctions are just grifters paying inflated prices for their
by edent 5y ago
How much fake bidding / shill bidding do you see on your platform?
It seems that many "high value" auctions are just grifters paying inflated prices for their own works to try and drive up the popularity of the NFT market.
Do you do anything to combat this sort of fraud?
- danielvf 5y agoI've not seen any on our platform, yet. Winners have been big, well known collectors. At Origin Protocol, we are currently doing white-glove auctions for celebrities and top-tier NFTs. The Charlie Bit Me video is a perfect example. This means that the pool of bidders that can pay the prices that these go for is fairly small. I would think that the problems you mention would be much more prevalent among NFT artists who are looking to make a career out of this.