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Booming NFT art market plagued by ‘mind-blowing’ fraud | Concurrent Media
The NFT market has exploded over the past year, with NFT sales soaring past $24.9 billion in 2021, compared to just under $95 million the year before, according to market tracker DappRadar. That boom has coincided with a massive uptick in fraud, said Moti Levy, chief operations officer at DeviantArt, an online platform with 61 million