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

TitleDid 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 TypeWeb Article
Year of Publication2021
AuthorsCastor, A.
KeywordsFlash 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.”

URLhttps://news.artnet.com/art-world/crypto-punk-500-million-sale-2028470