NFT Wash Trading and Scams: How to Protect Yourself in the Digital Art World

Quick Summary:

NFT scams, including wash trading and other manipulative practices, threaten the integrity of digital art marketplaces.

The rise of NFTs has opened exciting opportunities for artists and collectors; at the same time, it has attracted fraud.

NFT wash trading is a form of market manipulation where individuals repeatedly buy and sell the same NFT to give the appearance of value appreciation.

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Article Details

Author / Journalist: Keshav Aggarwal

Category: Crypto

Markets: India

Topics: NFT Reviews

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-30 @ 09:08:17 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 626 words

Reading Time: 4 minutes read

Sentences: 54 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 23967510

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 4 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 13 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #121

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