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NFTs and Financial Crime
- NFTs are a prime example of weaponizing complexity to commit financial crimes.
- They are worthless assets with only exchange value, leading to various scams.
The Dune NFT Incident
- A crypto group bought a copy of a rare book to create NFT tokens of its pages.
- They were later informed they only purchased the NFT, not the copyright.
Alienating Language
- Complex terminology like "NFT" alienates average users.
- The lack of intrinsic value in NFTs is masked by technical jargon.