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The crypto-art market is being infiltrated by fakes, thieves and scammers
The craze for non-fungible tokens was supposed to help artists keep control of their work, but has created juicy incentives for fraudsters
15 March 2021 • 7:00am God of the Grove by Hedi Xandt, an artwork that was sold as an NFT without its creator s knowledge
Credit: Hedi Xandt
David Drayton had been so excited to own some real crypto-art. Intrigued by the growing buzz, the German designer paid about €50 (£43) in cryptocurrency for a digital certificate of ownership for a lovingly computer-rendered Grecian statue with its face worn away to reveal a golden skull.