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Islamic State Uses NFTs To Spread Pro-IS Propaganda

Recently, NFT marketplaces displayed IS-NEWS #01, an NFT declaring praise for the Islamic State for an attack that killed 21 people in Afghanistan. It has raised fresh concerns that terrorist organizations could be seeking to exploit financial technologies such as for example NFTs to assist their financing.

The NFT space is starting to turn into a lucrative one, and many people are seeking to get into NFTs. Unfortunately, this consists of terrorists. Earlier, experts stated that the immutable nature of the blockchain which NFTs are stored and traded offers a opportunity for terrorists to generate indestructible content, promote their propaganda and sponsor their sinister crimes.

Islamic State a.k.a ISIS

Islamic State NFT discovered by Jihadoscope

The said NFT was initially discovered by Jihadoscope, announcing its discovery on social media marketing late last month.

The creator of the NFT, who is apparently an Islamic State sympathizer, displayed it alongside two other NFTs. The next NFT showed a person with a gas mask and lab suit, surrounded by assault rifles and beakers. In third place was an NFT that condemned the smoking of cigarettes.

The three NFTs displayed by an Islamic State Sypathizer
IS-NEWS #01 NFT and two other NFTs from the creator

Steps taken up to delist the dangerous NFT

Rarible along with other NFT marketplaces have delisted the IS-NEWS #01 NFT and two other NFTs from the creator . However, a former federal intelligence analyst, Mario Cosby, told the Wall Street Journal, Theres not necessarily anything anyone can perform to really take this NFT down,. It really is still easy for anyone with usage of the address of the NFT to see it. That is because of the immutable nature of the blockchain.

Raising funds through NFT sales

Many political groups purchased cryptocurrencies and NFTs to assist funding for different causes. In February this season, reports were that Al-Qaeda, ISIS, and Hamas have been using crypto wallets for terror-related activities. However, NFTs also raise funds once and for all, such as for example when NFTs were used to create funds to contribute to Ukraine following a Russian invasion.

All investment/financial opinions expressed by aren’t recommendations.

This short article is educational material.

As always, make your personal research before making any type of investment.

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