The “fundamental problem” with NFTs

Internet

Reuters on the 11th of February:

The platform which sold an NFT of Jack Dorsey’s first tweet for $2.9 million has halted most transactions because people were selling tokens of content that did not belong to them, its founder said, calling this a “fundamental problem” in the fast-growing digital assets market.

That’s the understatement of the century! But it gets better:

The biggest NFT marketplace [redacted], valued at $13.3 billion after its latest round of venture funding, said last month more than 80% of the NFTs minted for free on its platform were “plagiarized works, fake collections and spam”.

Who’d have thunk it!? Next they’ll be telling me my hats look silly. Wait, shaddup.

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