You're probably right.
But Tom Brady owns his own crypto/nft scam company (autograph.io), so I wouldn't be surprised if he knew it was a money grab.
I also won't be surprised if he faces charges for it down the road.
But Tom Brady owns his own crypto/nft scam company (autograph.io), so I wouldn't be surprised if he knew it was a money grab.
I also won't be surprised if he faces charges for it down the road.
He does this by using his celebrity power, as well as bringing in other big athletes (tiger woods for example) to pump up artificial demand for junk NFTs. I also think that the NFTs they sell are designed to be confusing, and the buyer probably doesn't know what they're (not) buying in many cases... although this is probably true for all NFTs.
This may all be legal now, but I think he's playing with fire. When people engage in greed fueled schemes like this, chances go up that they have engaged in actual fraud.
IMO what he's doing here is more crooked than his FTX involvement already.