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I saw a very interesting take on nfts a while back and why the market will continue to exist and persist. A significant part of the art market is driven by mone
by ackbar03 5y ago
I saw a very interesting take on nfts a while back and why the market will continue to exist and persist. A significant part of the art market is driven by money laundering activities, Nfts have allowed this process to become digitized so that they don't require the physical underlying, which requires storage and handling and shopping costs, anymore
- fshbbdssbbgdd 5y agoWhat’s the advantage of NFTs over other crypto for money laundering?
- ElViajero 5y ago> What’s the advantage of NFTs over other crypto for money laundering? Just a guess, you control the value of the asset. If 1 Bitcoin is $30,000 and I sell it to you for $300,000 that may raise many questions. If you buy the NFT for my art for $30,000 and then it sells in an auction for $300,000 , it is easier to justify that it just has appreciated with time. The world of art is full of this appreciations, many times for money laundering and tax evasion reasons, thou.