Re:Jack Dorsey’s $2.9M NFT dropped 99% in value
by DebtDeflation on Monday April 18, 2022 @12:49PM
(#31073227)
>you supposed to buy your own NFT for fks sake
You joke, but that is exactly correct. The only real use case for NFTs is money laundering. Create silly NFT, purchase it from yourself with millions of dollars from some other illegal activity (using shell entities to hide your identity), money is now "laundered" having been legitimately earned by selling an NFT.
"Analyzing the Very Bizarre Sale of Melania Trump’s $170,000 NFT"
"The crypto used to purchase the former first lady’s NFT came from the NFT creator themselves, blockchain records reveal."
https://www.vice.com/en/article/m7vpx8/analyzing-the-very-bi...