Did a CryptoPunk NFT Just Sell for $500 Million? Sort of, in a Transaction That Illuminates How the NFT Market Differs From the Art Market
Title | Did a CryptoPunk NFT Just Sell for $500 Million? Sort of, in a Transaction That Illuminates How the NFT Market Differs From the Art Market |
Publication Type | Web Article |
Year of Publication | 2021 |
Authors | Castor, A. |
Keywords | Flash Loans, NFT, Nick Weaver, Weaver |
Abstract | Dr. Nicholas Weaver is quoted by Amy Castor via Artnet on flash loans and NFTs: “Flash loans only exist for manipulative purposes,” Nicholas Weaver, a researcher at the International Computer Science Institute in Berkeley who has followed crypto since 2011, told Artnet News. “The primary usage is to provide enough money to launch an exploit, but doing wash-trading seems like a perfectly cromulent use as well.” |
URL | https://news.artnet.com/art-world/crypto-punk-500-million-sale-2028470 |