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Yes in fact artwork has traditionally been used for this sort of thing as well. It's the kind of thing that could sell for a million dollars, without any way fo
by jonfromsf 5y ago
Yes in fact artwork has traditionally been used for this sort of thing as well. It's the kind of thing that could sell for a million dollars, without any way for an outsider to determine that this is a fair price. NFTs just supercharge this dynamic.
- failwhaleshark 5y agoExactly. There isn't enough artwork that has enough value. NFTs create "artwork" out of (almost) nowhere to satisfy the limited market of people with too much money to hide or wash. I've always said the best money-laundering / money-stashing instrument are paintings in a rugged floating tube that can be stashed in a yacht equipped with salt plugs in-case it ever went down.