[litemods77]

The most expensive nft in history, a jpeg of a white circle, was sold for $91.8M

barrons.com/amp/articles/paks-nft-artwork-the-merge-sells-for-91-8-million-01638918205

Can someone please explain why?

[A10247]

Look at it, it's genius.

[Krour]

step 1 : make a white circle with 3D program in 3 seconds
step 2 : make it an NFT and put it on an NFT store
step 3 : Buy the NFT with all fo your money with another account.
step 4 : ????
step 5: profit

[shreder]

step 1 : make a white circle with 3D program in 3 seconds
step 2 : make it an NFT and put it on an NFT store
step 3 : Buy the NFT with all fo your money with another account.
step 4 : ????
step 5: profit

step 6: realize you fucked up because the platforms take a fee.
step 7: slap yourself in the head after realizing it won't sell and you gave away a 5% fee

[【ＯＭＥＧＡ】]

Probably money laundering.

[litemods77]

Probably money laundering.

how do you launder money in nft if you buy it for that much money? his $92m is stuck in a virtual jpeg. he cant use it unless he finds another sucker to buy it for the same or higher price. so how is he supposed to withdraw it and launder that money?

[【ＯＭＥＧＡ】]

how do you launder money in nft if you buy it for that much money? his $92m is stuck in a virtual jpeg. he cant use it unless he finds another sucker to buy it for the same or higher price. so how is he supposed to withdraw it and launder that money?

Probably has multiple wallets mate. Why would anyone else give $92m for that.

[litemods77]

Probably has multiple wallets mate. Why would anyone else give $92m for that.

why would the multi billionaire indian guy pay $69m for the beeple jpeg?

[【ＯＭＥＧＡ】]

why would the multi billionaire indian guy pay $69m for the beeple jpeg?

Bro you are asking me way too many questions no one can give you the answer for.

How would i know why he buys a beeple jpeg for $69m. Probably to flex on people that has no money idk. 🤣

[DashPHP]

The most expensive nft in history, a jpeg of a white circle, was sold for $91.8M

barrons.com/amp/articles/paks-nft-artwork-the-merge-sells-for-91-8-million-01638918205

Can someone please explain why?

How credible is that news site? I couldn't find its blockchain address..

[Silkroad]

step 6: realize you fucked up because the platforms take a fee.
step 7: slap yourself in the head after realizing it won't sell and you gave away a 5% fee

Well, it made history so it's probably gonna bring back some profit in the long run.

[✔-Elision-]

step 6: realize you fucked up because the platforms take a fee.
step 7: slap yourself in the head after realizing it won't sell and you gave away a 5% fee

Its not for profit its for converting 91M dirty money into 'clean' money.

[Shadowfart]

how do you launder money in nft if you buy it for that much money? his $92m is stuck in a virtual jpeg. he cant use it unless he finds another sucker to buy it for the same or higher price. so how is he supposed to withdraw it and launder that money?

Well if you buy it with own dirty money from your other account and "legit account" is the one selling for xy money, by making the sale u make money legit as it was made from the NFT sale (at least I think it be like that)

[✔-Elision-]

Well if you buy it with own dirty money from your other account and "legit account" is the one selling for xy money, by making the sale u make money legit as it was made from the NFT sale (at least I think it be like that)

You make X NFT from your own legit account and list it for $XXX

You buy X NFT from any other random ETH address for $XXX


- Now you have $XXX in your own legit account which you can claim you made by selling NFT and the 5% fee doesn't matter at all, its irrelevant for small amounts but when you have millions of dirty money this is the fastest way of converting it onto clean money rather than opening car washes or laundering through convenience stores, which also works but would take years or decades to launder the same amount of money.

[Nullusia]

That’s pretty sick bro takes screenshot