this post was submitted on 17 Aug 2023
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Bored Ape, in particular, was tried as an attempt to bring digital art into the fine art market to use as a tax dodge. If this case goes to court I hope it's going to shine a big bright light on the fact that a lot of the fine arts market has been a giant tax dodge scam for decades. ๐ค
Not that it's been a secret, but exposure is good.
Yep. People shit on nfts all day long for good reason, but ultimately they're just an extension of the art world in general being a market for scams and dodgy practices.