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ISIS Spreading: When NFT Puts Lives on the Line

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Alpha:

  • An alleged “terrorist sympathizer” just posted an ISIS announcement — along with two pieces of ISIS propaganda — as NFT, according to an initial report. The Wall Street Journal (WSJ).
  • Since their discovery on public NFT marketplaces Rare and OpenC, “Terror NFTs” have been listed.
  • As part of WSJ In the report, intelligence experts believe that terrorist groups can use blockchain technology to raise funds for terrorist campaigns.

Why it matters:

So why mint these “terror NFTs” in the first place? It’s all about blockchain. Alleged “terrorist sympathizers” may turn into NFTs due to their inherently immutable and immutable characteristics. WSJ Despite being reportedly taken down from public NFT marketplaces, these illegal NFTs persist within their respective blockchains. All it takes to access these images once more is knowledge of their specific addresses, and they are free to distribute once more.

This was confirmed by an interview Cointelegraph Posted by Raphael Gluck, co-founder of Jihadoscope, who referred to the images as “an experiment”. […] Finding ways to make content indestructible. Jihadoscope was the first to discover NFT, posting its discovery On social media By the end of August 2022.

What’s next:

Nonprofit organizations have long used NFTs and blockchain technology to raise much-needed funds for all kinds of noble causes worldwide. Even the Ukrainian government has called on NFTs to help finance its defense efforts in the ongoing Ukraine-Russia conflict.

Unfortunately, the inherent openness of NFTs invites bad actors to take advantage of this new decentralized way to acquire funds. The decentralized aspect of this means of fundraising is important. Through this, companies – even small countries – can use the power of this technology to raise funds from around the world, even without proper trade and diplomatic relations with more cash-flush countries.

The world economy has held a hard line against countries under unhealthy leadership for decades, if not longer. Take, for example, the ongoing mass exodus in Venezuela. The lack of proper diplomatic relations with the United States, even the promise of economic growth by its new leadership, did not give hundreds and thousands of citizens the confidence to stay there long-term. Such a situation runs counter to the promise of a decentralized world that blockchain hopes to achieve — and gives desperate actors more incentive to get involved.

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