Non-fungible-tokens are all the rage right now, and the hottest new addition to the NFT market is French artist Claude St. Pierre. His digital art has taken the internet by storm, with some pieces selling for as much as $50,000. However, what people don’t know is that St. Pierre created his art by accident while trying to produce fake NFTs.
“NFTs are a fantastic way to steal other people’s creative property,” St. Pierre told Hard Money. “While they’re supposed to be traceable to the verified creator using blockchain, people inevitably take advantage of the format and simply copy and paste art from other people. Most fans don’t know the difference, and by the time they realize, scammers like me already have their money!”
St. Pierre’s system morphed into something unexpected in July. “It began as a run of the mill scam,” he explained. “I was trying to sell screenshots of Serbian artist Milos Rajkovic’s work as fake NFTs, but I raised the contrast by accident, and each image was unrecognizable. I ended up putting the blurry, overexposed images on OpenSea and Rarible anyway and I was surprised to see that people still bought them. Art critics praised my bold visual style.”
St. Pierre quickly learned that it was easier to just sell garbage images of static, shapes, and colors than to actually steal from artists. “I mean, people are buying a ridiculous product anyway,” he told us. “It’s more efficient to cut out the middleman and just scam people yourself. NFTs are the best! They’re not only bad for the environment because of the massive electrical load to maintain them, and a clear indicator of a dangerous economic bubble, they’re the perfect way to put money in the hands of thieves!”