3min chapter

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509. Are N.F.T.s All Scams?

Freakonomics Radio

CHAPTER

Crypto Trading - Is Every NFT a Scam?

Open sea has a tool that lets any one mint their own nfts, which is great for artists who want to turn their own work into a digital asset. But open sea admits that this tool has also been liberally used to create fraudulent and counterfeit nfts. In 20 21, these rug pull scams are estimated to have totaled nearly three billion dollars. Coming up after the break, we talk to a real artist whois launching a real object into the nft space.

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