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Price Manipulation in NFTs, What is it and how is it done.

Price Manipulation in NFTs, What is it and how is it done.

Floor is Rising NFT Podcast

Published on:July 10, 2021

Price Manipulation in NFTs, What is it and how is it done.

Podcast summary service @Thereadingape did a good summary of this podcast

https://thereadingape.substack.com/p/floor-is-rising-ep-4-price-manipulationWhy nobody wants to talk about it.

  • It’s not much discussion because
  • Promoters of NFTs don’t want to talk about this because it will damage the NFT market
  • Others just don’t collect enough NFTs to know anything about this
  • Beeple’s history making sale 5000 Days involved a multi-month plan to increase the hype and prices around Beeple.
  • The rise of pricing for Cryptopunks with stories of specific celebrities who raised the floor with their purchases.
  • Gatekeeping methods in the traditional art markets will come into play in cryptoart markets as well.
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