NFTs, which many people cannot understand, have become an invaluable collection passion for some.
While a new NFT news came to the agenda every day, the record selling price of $ 530 million created a bombshell effect in the market.
Yes, you read it right, 530 million dollars! The NFT sale, which was 5,095,287,500.00 TL in Turkish lira, took place on Thursday night.
This is so good 🙂
– Flash loan as much as you can
– List your punk for an insane amount of $ETH
– buy it
– Other account gives you the ETH back
– Repayhttps://t.co/nlo24twyEx https://t.co/7CLhYAHKb8— mariano.eth ✨ᕙ༼💦༽ᕗ✨ | 🦇🔊 (@nanexcool) October 28, 2021
The $530 million paid for the “CryptoPunk” NFT—124,460 Ethereum—is one of the highest-paid NFTs ever, and is also one of the most expensive artworks in history.
While some consider NFTs to be works of art, for others the industry is seen as an alternative method of money laundering.
As a matter of fact, the CryptoPunk NFT in question covers 3 different wallets. Namely, the person who made the purchase transferred NFT from wallet 1 to wallet 2, then the third wallet bought NFT from wallet 2 for 530 million dollars and immediately transferred it to wallet 1.
The reason the purchase was made this way seems to be that the buyer was given “flash credit”. A similar flash credit transaction took place in February when a HashMark NFT was sold for 139,000 ETH. All these suspicious transactions once again reveal the need for regulation in the NFT market.