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NFT Market Blur Cracks Down on Fraudulent Bidding Strategy

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On February 28, the NFT Market Blur sent a reply to the community about the relevant address \”abusing the fraudulent bidding strategy to obtain BID points\”, sa…

NFT Market Blur Cracks Down on Fraudulent Bidding Strategy

On February 28, the NFT Market Blur sent a reply to the community about the relevant address “abusing the fraudulent bidding strategy to obtain BID points”, saying that all wallet addresses suspected of fraudulent bidding will be filtered in the second quarter air drop.

Blur: suspected fraudulent bid address will be disqualified for airdrop in the second quarter

Interpretation of the news:


The NFT Market Blur recently responded to community concerns over fraudulent bidding, which aims to obtain BID points through manipulative tactics. In their statement released on February 28th, they announced that they will filter out all wallet addresses suspected of using the fraudulent bidding strategy in the second quarter air drop.

This crackdown on fraudulent activity is significant in the NFT market, a space that has recently exploded in popularity. An NFT, or non-fungible token, is essentially a unique digital asset that is sold and traded like any other piece of art or collectible item. Recently, NFT sales have seen significant growth, with major artworks, memes, and even tweets being sold for millions of dollars.

However, as with any growing market, there are concerns that bad actors may take advantage of the hype and manipulate prices. This is where fraudulent bidding comes in. Fraudulent bidding is a tactic used by some to inflate the value of NFTs by bidding on their own items using multiple wallet addresses in order to create the appearance of demand. This drives up the price of the NFT and results in them receiving more BID points, the currency used in the NFT Market Blur.

Fortunately, the NFT Market Blur is taking action to ensure that fraudulent bidding does not continue to be a concern for their users. In their statement, they clarify that any wallet address suspected of manipulating bidding activity will be filtered out during the second quarter air drop. This move demonstrates the NFT Market Blur’s commitment to maintaining transparency and fairness in the market, and their willingness to take action against unethical behavior.

In summary, the recent statement from the NFT Market Blur regarding fraudulent bidding is a positive development for the NFT market. It sends a clear message that manipulative tactics will not be tolerated, and that the NFT Market Blur is committed to maintaining a fair and transparent market for users. We can all hope that other NFT marketplaces will follow suit and put measures in place to prevent fraudulent activity.

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