4 ms·

I wonder what percentage of money going into NFTs is people laundering money... Seems like the ideal way

• invalidusernam3 5y ago
  Any art sale is a good opportunity for money laundering since art doesn't have an objective value
  • beardyw 5y ago
    High end art by dead artists mainly. Newly created art benefits the gallery and artist (in that order)
    • invalidusernam3 5y ago
      I suppose it depends how much money you want to launder.
  • fsloth 5y ago
    Art is used extensively as a money laundering platform https://edition.cnn.com/2020/07/29/business/art-money-laundering-sanctions-senate/index.html https://edition.cnn.com/2020/07/29/business/art-money-launde... Which explains part the ludicrous prices I suppose - it's not about intrinsic value, it's just about finding a suitable denomination.