HomeCryptoOpenSea Scandal: Inside trading at eBay of NFT

OpenSea Scandal: Inside trading at eBay of NFT

NFTs are digital assets that represent real-world items. NFTs are not interchangeable and are different from cryptocurrencies which are fungible tokens

OpenSea, “eBay of NFTs”, is involved in a scandal after admitting that one of its workers traded digital crypto assets using platform insider information. Asa result, non-fungible tokens (NFT) backers are reminded that despite the promise by major players, NFTs remain a speculative asset. Casual collectors will need assurance that the system is not rigged in favour of insiders.

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