NFTs, Fraud, and Crazy Cats
04/03/24 • 17 min
What is an NFT, and why would anyone want to buy one? There are lots of reasons why someone might buy a certified JPG or other NFT, but there's no guarantee your NFT will increase in value or even retain the value you paid for it. In this episode, host Michele Bousquet talks about different kinds of NFTs on the market, how they compare to physical art items, and how fraudsters have found a rich source of free funds in NFT theft.
Sources:
- Joey Mars website
- Investors sue Sotheby's, Justin Bieber, Hilton among others as NFT prices crash
- Seth Green’s Bored Ape NFT Got “Kidnapped"
- NFT Price Floor - Bored Ape Yacht Club
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What is an NFT, and why would anyone want to buy one? There are lots of reasons why someone might buy a certified JPG or other NFT, but there's no guarantee your NFT will increase in value or even retain the value you paid for it. In this episode, host Michele Bousquet talks about different kinds of NFTs on the market, how they compare to physical art items, and how fraudsters have found a rich source of free funds in NFT theft.
Sources:
- Joey Mars website
- Investors sue Sotheby's, Justin Bieber, Hilton among others as NFT prices crash
- Seth Green’s Bored Ape NFT Got “Kidnapped"
- NFT Price Floor - Bored Ape Yacht Club
Join our Patreon to listen ad-free!
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How Hacks Happen - NFTs, Fraud, and Crazy Cats
Transcript
This is How Hacks Happen, and today we're going to talk about NFTs. How they work, what they are, how they kind of relate to physical items like art, and also some of the fraud that goes on around them.
So there's this artist I really like named Joey Mars.
Joey makes this kind of psychedelic art with these alien cartoon creatures and puts them in this crazy world. I own a few pieces of Joey's art myself, including an original painting of a crazy alien cat. And I love this painting. It
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