Decoding Wash Trading in NFTs: Unveiling the Dark Side of the NFT Ecosystem
Introduction In recent years, the rise of non-fungible tokens (NFTs) has revolutionized the digital art and collectibles market. However, with the increasing popularity of NFTs, a concerning practice known as wash trading has emerged. Wash trading involves artificially inflating the trading volume of an asset to create a false sense of demand and manipulate prices. In this article, we will explore how bitsCrunch, an AI-powered, decentralized NFT data platform, utilizes machine learning and ar...
Decoding Wash Trading in NFTs: Unveiling the Dark Side of the NFT Ecosystem
Introduction In recent years, the rise of non-fungible tokens (NFTs) has revolutionized the digital art and collectibles market. However, with the increasing popularity of NFTs, a concerning practice known as wash trading has emerged. Wash trading involves artificially inflating the trading volume of an asset to create a false sense of demand and manipulate prices. In this article, we will explore how bitsCrunch, an AI-powered, decentralized NFT data platform, utilizes machine learning and ar...
