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Domain Discussion
General Domain Name Discussion
General "NFT" domain name discussion
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<blockquote data-quote="amplify" data-source="post: 2351333" data-attributes="member: 130638"><p>While it's open ledger, it's "he said she said" when it comes to washing with NFTs.</p><p></p><p>Say someone mints 1000 NFTs with 1 ETH. They now can sell 1000 NFTs for 10 ETH each to, well, themselves. This could easily be done by 1 person or group of people with real identities/wallets as they would be so far removed from the illegal online casinos.</p><p></p><p>They mint 1000, sell themselves NFTs, and walk with walk cash from exchanges with the money when they're sold again to an unsuspecting party later on at a higher valuation.</p><p></p><p>They lose money doing it this way, but all money laundering has some washing fees.</p></blockquote><p></p>
[QUOTE="amplify, post: 2351333, member: 130638"] While it's open ledger, it's "he said she said" when it comes to washing with NFTs. Say someone mints 1000 NFTs with 1 ETH. They now can sell 1000 NFTs for 10 ETH each to, well, themselves. This could easily be done by 1 person or group of people with real identities/wallets as they would be so far removed from the illegal online casinos. They mint 1000, sell themselves NFTs, and walk with walk cash from exchanges with the money when they're sold again to an unsuspecting party later on at a higher valuation. They lose money doing it this way, but all money laundering has some washing fees. [/QUOTE]
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