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.”
Wondering what NFTs are? Here’s a guide on – What are NFTs
Want to get one yourself? Here’s more info on – Where to buy NFTs
Wondering how NFTs work? Here’s your guide.
How to invest in NFTs – Earn money from NFTs by investing, maybe?
How to buy NFTs – Buy an NFT yourself.
Also, check out the guide on – How to make money with NFTs
You could make an NFT yourself – Here’s how to make NFTs
And finally, read on how to sell NFTs. Useful stuff! 😉
