A ‘decentralized social network and marketplace ‘ named BitClout sold off celebrity-backed NFTs without authorization. The “iFan-esque” platform, which claimed to be backed by top venture capitalists, can no longer be accessed via its website.
A Bit Of NFT Clout
There’s a lot of puffery surrounding NFTs of late, and justifiably so. Beeple’s digital art recently broke the record for the priciest NFT in history. The ‘Everydays: The First 5000 Days’ was bought by Metakovan for $69 million at Christie’s auction. On the same day, a CryptoPunk alien bought for $15k in 2018 sold for $8 million. The list of jaw-dropping NFT sales goes on and on, and it explains why there’s so much scuffle for them.
Amidst the fracas, a certain company named BitClout orchestrated the sale of celebrity-backed NFTs without obtaining permission. Billboard’s report explained that the company created NFTs using the identities of about 15,000 Twitter influencers and celebrities without their con
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