based on my understanding, NFTs are just a vehicle to launder money
yeah, I think that's a bigtime irl thing
Guess we will find out when it crashes. Seems pretty risky to clean your money by buying a bunch of digital Ape Art, but who knows.
money laundering is kind of risky by nature. buying/selling a $5,000 image of a banana requires a little less legwork than opening up a fake restaurant.
Sounds like a pretty good deal for the uninvolved parties, though. I don't know the answer to this question, but if I buy an NFT banana for $50 and later sell it for $1,000 to a money launderer (unbeknownst to me) who turns around and sells it for $5,000 to a money launderee, are my gains ill-gotten?