Opinion

The insanity of Pixelmon’s $100 million NFT Dutch auction

Peter Griffin
Thu, 10 Mar 2022

The insanity of Pixelmon’s $100 million NFT Dutch auction
In the NFT world, without clear legal and ethical guidelines, the track record and integrity of an NFT creator is everything. (Image: Getty)
Peter Griffin
Thu, 10 Mar 2022
You’d be forgiven for thinking there’s a glaring typo in the following sentence which ran on TVNZ’s 1News website last week: “A Hamilton man’s 3D art scheme which raked in more than $100 million but delivered ‘comically bad’ results has caused an online storm.”But no, that actually should read $100m, not $1m or even $10m. A massive sale of so-called non-fungible tokens (NFTs) took place. The proceeds were claimed in the form of the Ether cryptocurrency (ETH) and yes, the whole thing...

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