The Exploitative Dynamics of Wash Trading in NFTs

Summing up the whole Joe Rogan brouhaha from over the weekend. Meta joins a crypto legal alliance and takes a page out of Alphabets book by planning to break out reporting of its metaverse business. And the dotcom bubble called and wants its headlines back: wash trading might be rampant on NFT marketplaces, and a look at the six startups trying to succeed, where Kozmo.com failed.

Sponsors:

• Devry.edu/future

Links:

• Spotify finally responds to Joe Rogan controversy with a plan to label podcasts that discuss COVID-19 (The Verge)
• Joe Rogan defends podcast and apologizes to Spotify for backlash (The Verge)
• Spotify’s big Rogan mistake (Protocol)
• Facebook parent Meta joins crypto group promoting open patents (The Block)
• Facebook's metaverse efforts are already generating close to $3 billion a year in revenue, analysts estimate. (Insider)
• LooksRare Has Reportedly Generated $8B in Ethereum NFT Wash Trading (Decrypt)
• Losses Mount for Startups Racing to Deliver Groceries Fast and Cheap (WSJ)

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