8 ms·
"art blocks" had a trading volume of $100M last week [1]. And that's only one of the more notable nft projects. [1] https://nonfungible.com/market/history htt
by lugorrr 5y ago
"art blocks" had a trading volume of $100M last week [1].
And that's only one of the more notable nft projects.
[1] https://nonfungible.com/market/history https://nonfungible.com/market/history
- nradov 5y agoWere those real trades, or just the same few people trading back and forth between themselves as part of a pump-and-dump scam?
- jsvaughan 5y agoHave a look at the sales (lower down the page) of say these: https://www.larvalabs.com/cryptopunks https://www.larvalabs.com/cryptopunks lowest price available $386k(!) or more detail on artblocks: https://www.nft-stats.com/collection/art-blocks https://www.nft-stats.com/collection/art-blocks average price $39k or these: https://www.nft-stats.com/collection/boredapeyachtclub https://www.nft-stats.com/collection/boredapeyachtclub 90th percentile = $168k
- PeterisP 5y agoTo me the more likely use seems not a pump-and-dump scam but rather money laundering - get a plausible and legitimate money trail as "capital gains from digital art investment" from some dirty bitcoins coming in from, for example, a ransomware payout.