Re:Starting a crypto project
by celticninja on Thursday May 06, 2021 @09:56PM
(#27071072)
NFTs are the same thing though, yes the medium differs, but these high benchmark prices are being paid by people with hundreds of millions in cryptocurrency, with the aim pretty much of minting their own NFTs and selling them. Those big ticket items are just painting the tape. Likely bought and sold by the same people in many cases (if we take the crypto markets in general as a guide).
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Exactly, they are pure price speculation and manipulation, this recent NFT being a perfect example: