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The crypto-art market is being infiltrated by fakes, thieves and scammers
source link: https://www.telegraph.co.uk/technology/2021/03/15/crypto-art-market-infiltrated-fakes-thieves-scammers/
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The crypto-art market is being infiltrated by fakes, thieves and scammers
The craze for 'non-fungible tokens' was supposed to help artists keep control of their work, but has created juicy incentives for fraudsters
'God of the Grove' by Hedi Xandt, an artwork that was sold as an NFT without its creator's knowledge
Credit: Hedi Xandt
David Drayton had been so excited to own some real crypto-art. Intrigued by the growing buzz, the German designer paid about €50 (£43) in cryptocurrency for a digital certificate of ownership for a lovingly computer-rendered Grecian statue with its face worn away to reveal a golden skull....
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