this post was submitted on 18 Aug 2023
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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 1 year ago by 2tone@lemmy.world to c/technology@lemmy.world
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[–] 2tone@lemmy.world 17 points 1 year ago (1 children)

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

[–] viking@infosec.pub 5 points 1 year ago (1 children)

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 1 year ago* (last edited 1 year 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.