Non-fungible tokens were put in the spotlight Wednesday after OpenSea, a marketplace for the blockchain-based assets known as NFTs, said that an employee bought some of these digital collectibles knowing they were going to be featured on OpenSea’s front page. The allegations follow a rollercoaster ride for NFT sales, as you can see from our latest chart.
OpenSea said the unnamed employee purchased the NFTs and then sold them after the front page feature boosted their prices. The company’s statement came after a Twitter user posted records of transactions made by the company’s head of product, Nate Chastain. OpenSea declined to elaborate on the post and Chastain couldn’t be reached for comment.
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