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A sceptic’s guide to crypto: NFT mania

FT Tech Tonic

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Those Rugs Are a Common Scam in Crypto Markets

Nfts are basically an exit scam. Promoters hipe up the price of a token or nft, so that people buy in and then disappear with all the money. Sometimes buyers do get an nft, but they're so laughably bad, even by the standards of nft art, that it's obvious that they've been scamped. That's our producer, edwin lane, speaking to a less ribero from London.

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