A sceptic’s guide to crypto: NFT mania
FT Tech Tonic
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The NFT Market Has Been a Breeding Ground for Scammers
An nft is not actually itself a piece of digital art. It's a string of code that's meant to represent ownership. Any one can min an nft of absolutely anything at any time without any oversight. So given how fuzzy it all is and how much money there is to be made, the nft market has become a breeding ground for scammers. If i told you that a market was 90 to 95 % fraud, you'd run away from it. But in this, in this case, people tend to come even more. I donnaway to be honest. I is is very crazy.
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