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Re:Nyan Cat on the Blockchain by eljee on Friday February 19, 2021 @04:42PM (#26198404)
It's called wash trading and for securities, it is illegal. I dont think the Nyan Cat NFT is a security. Its more like a commodity. And yes, wash trading and money laundering via art is an age-old practice.
Re:Nyan Cat on the Blockchain by xur17 on Friday February 19, 2021 @04:55PM (#26198536)
My point was that the Nyan Cat NFT likely isn't a security, and hence wash trading might not be illegal.