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OpenSea Scandal Shows Need for More NFT Regulation — CoinDesk

OpenSea Scandal Shows Need for More NFT Regulation — CoinDesk

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It’s considerably disingenuous to argue, as one distinguished influencer did this weekend, that NFTs are a “non-speculative on-ramp to get started” in crypto. An NFT could be very clearly an asset with a resale worth that rises and falls. It will be many issues – an art work, a fundraising automobile, a digital VIP cross – however most of the time, it’s one thing you may resell. Whatever an NFT is, it’s additionally a buying and selling card. To purchase one is to purchase into the crypto market, which is to interact with these whiplash ups and downs.

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