Comment of the Month

[Woodrow_Jackson]

Research Summary: NFT Wash Trading: Quantifying Suspicious Behaviour in NFT Markets

As part of today’s coffee house discussion hosted by @jringo it came to my attention that an implication can be drawn from the conclusions of the paper that is simply too big to ignore. A very interesting point was that the final percentage of wash-trading (~2% of total Txs) seems suspiciously low given people’s experience around NFT project communities and the overall permissionless and trustless nature of web3 with the motto “Don’t Trust, Verify”. There seems to be a suspicion about the final…

I liked @Hermes_Corp response to the question. How they broke two possible conclusion leads to wash trading. Detailing how both these leads worked and how NFT wash trading plays part in this.