Evidence is piling up that the NFT market has attracted several bad actors willing to do almost anything to make a quick buck.
The group described the potential burning of the physical book as an “incredible marketing stunt which could be recorded on video. The video even sold as an NFT itself.”
Criticism of OpenSea’s freeze on the NFTs after the hack stems from the idea that blockchain technologies don’t require external oversight and can be handled in decentralized platforms.
Melania claims that a “portion” of the proceeds will be donated to help foster children, but details of the charity are not yet available. Experts recommend caution when buying NFTs.
“I instantly saw the error as my finger clicked the mouse but a bot sent a transaction…and just like that, $250k was gone,” maxnaut explained.
“There is a gap of understanding between buyer and seller right now that is being used to exploit people,” Huntley said about why he created the site that he describes as an art project.