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In October 2021, art-based non-fungible token (NFT) project CryptoPunk 9998 sold for over $500 million dollars,isetting a world record for the most expensive NFT sold at the time. However, by leveraging blockchain’s transparency, many commentators soon discovered that 9998’s record-breaking price was not the result of a genuine purchase. Instead, the CryptoPunk’s owner simply utilized […]
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