Satirical Chinese NFT project sells out as investors brush aside developers’ warning that they’ll ‘take the money and run’

Feb 23, 2022 | INVESTING

A satirical Chinese non-fungible token (NFT) project whose sole purpose is to “sell pictures” has done just that, as the team behind it expects to leave the business, highlighting the get-rich-quick mindset in this digital market where fraudsters and scams are growing in number.The project, named “Domestically made conscience”, on Wednesday started selling a collection of 1,000 roughly sketched cartoon profile images. The project described these NFTs as “specifically prepared for Chinese people…

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