12-year-old has made nearly $6M with NFTs

Re:12-year-old has made nearly $6M with NFTs by troon-lover on Wednesday December 29, 2021 @11:34AM (#29726383)

The quote from this girl is not how a 12year old would speak. The words are straight from a PR person involved in America’s weird ideology.

Congrats to whichever family member managed to succeed in this project using a child as the face of it!

[ Parent | on HN ]

Re:12-year-old has made nearly $6M with NFTs by fivea on Wednesday December 29, 2021 @11:48AM (#29726568)

It's also important to keep in mind that fraud is rampant in NFTs, such as the same person faking transactions by essentially buying his own asset with a flash loan. This means that the paper trail is left behind but no sale actually happens.

The most expensive NFT to date was the result of such a fraud.

https://www.cnet.com/news/why-this-cryptopunk-nft-sold-for-5...

Relevant link: https://en.wikipedia.org/wiki/Wash_trade

I'd bet that if someone bothered to trace the wallets used in the transaction, they'll find out they start and end at the same person.

[ Parent | on HN ]