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Doop Snogg: how a fake Snoop Dogg fooled an NFT conference

26 Jun 2022 By theguardian

Doop Snogg: how a fake Snoop Dogg fooled an NFT conference

Thousands of investors and enthusiasts attended NFT.NYC this week to talk about buying and selling non-fungible tokens amid a market wipeout and urgent warnings for traders to stay vigilant against a proliferation of scams.

Many pro-crypto celebs have quietly retreated from view as the NFT market has plummeted by 92% since its peak last September, while investors have suffered multimillion-dollar thefts and constant scams. The largest NFT platform, OpenSea, estimated in January that 80% of the NFTs created through its tools were fraudulent.

True believers would say yes.

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