At least US$577 million of Blur-linked NFT sales are wash trades, CryptoSlam says
NFT data aggregator Cryptoslam has flagged more than half a billion dollars worth of NFT wash trades related to Blur since the marketplace’s Valentines airdrops started
“There is no restricting mechanism from Blur to prevent this — in fact, it appears that because of no royalties paid, no marketplace fee, there is no disincentive to farm points for airdrops, aside from the rising Ethereum gas fees. What we are finding is that this is artificially propping up sales volume in a very disingenuous way for the entire NFT market,” said Hawkins.
Unrelated musical wedge...