Thousands of investors and enthusiasts attended NFT.NYC this week to talk about buying and selling non-fungible tokens amid a market wipeout and urgent warnings for traders to stay vigilant against a proliferation of scams.
Many pro-crypto celebs have quietly retreated from view as the NFT market has plummeted by 92% since its peak last September, while investors have suffered multimillion-dollar thefts and constant scams. The largest NFT platform, OpenSea, estimated in January that 80% of the NFTs created through its tools were fraudulent.
True believers would say yes.
