Season 1 · Episode 4
Price Manipulation in NFTs, What is it and how is it done.
Floor is Rising · Floor is Rising Podcast
July 10, 202117m 45s
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Show Notes
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.