Cent, the NFT marketplace, which sold ex-Twitter CEO Jack Dorsey’s first-ever tweet as an NFT, has put the transactions on hold. That is because the marketplace is tired of counterfeits, inauthentic content that people were selling on the platform. The founder of the platform called it a "fundamental problem" that has gripped the digital asset marketplace.
"There's a spectrum of activity that is happening that basically shouldn't be happening - like, legally," said Cameron Hejazi, CEO, and co-founder of the NFT marketplace Cent told Reuters. "It kept happening. We would ban offending accounts but it was like we're playing a game of whack-a-mole... Every time we would ban one, another one would come up, or three more would come up.”
Cent had managed to auction former Twitter CEO Jack Dorsey’s first ever tweet as an NFT. It was one of the first million-dollar NFT sales. But now the marketplace has stopped the buying and selling on its platform. He highlight the three major reasons behind stopping the NFT sales.
