It’s just like
It’s just like
A total scam!
If you’re like me, you’ve never heard of Cent. It’s an NFT marketplace.
That’s, uh, not actually a joke. The marketplace, known as the one that sold an NFT of Jack Dorsey’s first tweet, was essentially forced on February 6th to halt all transactions. Why, you ask? Well, because according to Cent’s CEO Cameron Hejazi speaking to Reuters, people were selling counterfeit digital assets. An occurrence so common, he described it as “rampant”.
It kept happening. We would ban offending accounts but it was like we’re playing a game of whack-a-mole… Every time we would ban one, another one would come up, or three more would come up.
Cameron Hejazi
As he puts it, users just kept “minting and minting and minting counterfeit digital assets”. A problem not unique to Cent. Open Sea, one of the larger NFT Marketplaces, felt the need to put a 50 item limit on the free minting of NFTs due to pretty much the same problem.
After public outcry from users, however, they set things back to the way they were.
Hejazi sums up the state of things adequately:
We realized that a lot of it is just money chasing money.
Cameron Hejazi
In other news:
Source: PC Gamer
About Author
