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NFT Platform that sold Jack Dorsey’s tweet to shut down

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Cent, a non-fungible token exchange, shut down due to “rampant” fakes and plagiarism.

“A lot of stuff is going on that shouldn’t be going on,” said Cameron Hejazi, CEO and co-founder of NFT marketplace Cent.

“It happened. We would ban problematic accounts but it seemed like whack-a-mole… Every time we banned one, three others would appear.”

When the former Twitter CEO’s tweet was sold as an NFT, it was one of the first documented million-dollar purchases.

The decentralised nature of blockchain technology makes unique digital items interesting. They let people generate and exchange digital assets without a central authority.

OpenSea, the largest NFT marketplace, reported last month that over 80% of the free NFTs generated on its platform were “plagiarised works, bogus collections, and spam.”

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