remember how tech guys gave all those speeches about how NFTs were great for artists and would promote new and unique avenues for artists to thrive
but that would mean sharing the profit with people so they just made a bunch of procedurally generated paper doll jpeg generators so they're easier to produce en masse and they might as well be tied to meaningless random numbers anyway
having collections of 100+ is part of the scam. you wash trade one of them until it's 'worth' 10k then suddenly the entire collection is 'worth' one million and you can cash out on your marks.
@Felthry @kat
a wash trade is when you make something look more valuable by selling it to yourself (or to a friend who gives back most of the money). Foone has a good explainer here https://twitter.com/Foone/status/1457749433844568066
It's illegal in regulated markets of which NFTs are not one yet