@zkat__ ("kat marchán") retweeted:
@neurovagrant ("Ian") wrote:
oh lord
"That particular NFT had already been offered up once before as collateral for a loan that its previous owner defaulted on. That means that this JPEG has been part of a chain of loans and defaults, and now is in the hands of a third owner."
https://www.vice.com/en/article/v7e58j/people-are-taking-out-loans-against-their-nftsand-defaulting