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Successful scams have customers - the presence of people putting in money isn't a defining trait.

However I do think it's a bit harsh to call these things a scam - I mean take the art market itself - value is entirely subjective - doesn't mean it's a scam ( though scamming things happen in the normal art market to try and inflation prices ).

The question you have to ask yourself is:

Are you buying the NFT as an investment - because you think other people will value it, or are you spending the money because you are quite happy to own that thing forever and never sell - ie the value is to you.

I'd argue if you are doing the former you are more likely to be 'scammed' than the latter.



NFT’s are fungible in practice, is the root of the issue.


I buy art for my art collection. They happen to be NFTs. I also purchase physical art.




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