3min chapter

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

Freakonomics Radio

CHAPTER

The Art Market's Greatest Perversions

As nft projects go, yours strikes me as particularly complicated and robust and involved. Even though its kind of a conceptual project, it has a physical manifestation. And in this age of the metaverse and virtil everything, were really dedicated to the physicality. So i've read tha around 30 million dollars in value has been exchanged via rocket par nfts on open sea since the project started. Does that sound about right? I think it's pretly more like 50 million, but it depends on the value of etherium, which goes up and down wildly. How much of that money is actual captured by the tomsacks rocket factory? Ten %. That's a smart contract.

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