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John1956PA

(5,119 posts)
Fri Aug 15, 2025, 10:39 AM Aug 2025

The NFT owners sometimes band together in teams.

The teams buy and "burn" other collections of NFTs in order to increase the value of their own NTFs. I think the takeover strategies are AI devised. This virtual corporate jungle is the brainchild of former Wall Street executives and billionaire investors. The operators of the system (which can be described as a "gaming business" ) generate income from each purchase and sale of an NFT.

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