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A key feature of NFTs has completely broken / Web3 was supposed to make sure the original artist always got paid. Not so much anymore. (www.theverge.com)

submitted 10 months ago by 2tone@lemmy.world to c/technology@lemmy.world

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[-] viking@infosec.pub 8 points 10 months ago

As long as I can take a screenshot of any random NFT and integrate a picture into my website, there's no fucking way those things are worth anything.

[-] 2tone@lemmy.world 21 points 10 months ago

They're worth a lot if you're laundering money

[-] viking@infosec.pub 6 points 10 months ago

I'd rather launder money through physical art, at least I can put that on my wall in the interim and don't have to first find means to convert my illegally acquired cash into a digital currency.

[-] Excrubulent@slrpnk.net 1 points 10 months ago* (last edited 10 months ago)

The problem with laundering money through physical art is that it's getting more tightly regulated... in fact that happened around about the same time as NFTs started to get big.

[-] magic_lobster_party@kbin.social 3 points 10 months ago

The purchase is legitimate! My left hand really bought the NFT from my right hand!

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this post was submitted on 18 Aug 2023

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