Richard Pettibone, Artist Who Appropriated Others’ Art, Dies At 86
Wash trading refers to when a trader units up a quantity of wallets to sell NFTs to themselves, growing the value every time to trick exterior consumers into considering that the asset is growing in worth. If a platform mandated royalty funds, every time a hypothetical trader bought an NFT, they’d have to pay out a royalty fee each time – sometimes 10% of the sale price — thus disincentivizing the follow. One of the most damaging blows to the imaginative and prescient of a NFT-enabled various digital art market …




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