Second largest NFT marketplace apparently 87% wash trading

Also, I was reading that 80% of OpenSea’s listings are theft/scams/spam. And they’re treated as one of the more “responsible/reliable” sellers of NFTs, which makes me wonder how dire the situation is everywhere else.

I keep seeing NFT-boosters talking about what they “could” be, but it’s clear what they are, right now, is so completely and utterly broken, in every respect, that there’s no path forward for them to be anything better even if that was theoretically possible (which I have yet to hear a convincing argument for).

6 Likes