[onlyrealcuzzo]

There's a lot of evidence that the inflows to NFTs are extremely small, and that the VAST majority of NFT sales are wash trades.

Why would anyone do this when the fees to trade are so high? Everyone thinks the end goal is to fake it until you make it, and sell the wash-traded pumped up tokens to an unsuspecting victim.

It's not.

The goal is to create fake wealth from nothing. There are banks now that will lend using NFTs as collateral.

You get millions of dollars in loans, then you spend millions, then you go bankrupt. Oopsie.