Convinced 99% of nft sales are people buying from themselves to make illusion of value
Discussion
amongst other tricks.
I have always thought nfts were a way of doing tax evasion, buy an NFT from yourself and then watch your investment go to 0. Rinse and repeat.
The concept is wash trading where NFT creators would fake purchases to themselves to help generate buzz and false demand.
This happened with the NFT bubble on open sea and is most definitely happening here.