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People have been doing this since NFTs first launched. Its trivial to have an inside circle "selling up" NFTs until some sucker comes along and grabs the bag.
by Workaccount2 3y ago
People have been doing this since NFTs first launched. Its trivial to have an inside circle "selling up" NFTs until some sucker comes along and grabs the bag.
- kazinator 3y agoThis is very similar to an ancient confidence trick, whereby someone is selling something (e.g. an investment scheme or whatever) and people who are colluding with him pretend to be interested strangers eagerly buying into the scheme.
- cyanydeez 3y agoOr money laundering in the art community.