Tech

NFT Shop Flooded With Fakes Stops Nearly All Transactions

GET FUNGED

Cent made its name by selling a token of Jack Dorsey’s first tweet, then lots of people started making tokens for art they didn’t own.

2022-02-11T192237Z_355570482_RC2VHS90L0U3_RTRMADP_3_FINTECH-NFT-FAKES_eru5bb
Handout/Cent/Reuters

A marketplace for buying and selling non-fungible tokens (NFTs) has shut down the majority of transactions due to the proliferation of counterfeit material, its founder announced late Friday.

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