Booming NFT art market plagued by ‘mind-blowing’ fraud

The NFT market has exploded over the past year, with NFT sales soaring past $24.9 billion in 2021, compared to just under $95 million the year before, according to market tracker DappRadar. That boom has coincided with a massive uptick in fraud, said Moti Levy, chief operations officer at DeviantArt, an online platform with 61 million registered users where artists can display digital art and sell physical prints.

Source: Booming NFT art market plagued by ‘mind-blowing’ fraud

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