Terror groups may turn to NFTs to raise funds and spread messages — WSJ
The first known case of a nonfungible token (NFT) created and shared by a “terrorist sympathizer” has come to light, raising concerns that the immutable nature of blockchain tech could help the spread of terrorist messages and propaganda.
In a Sept. 4 article in The Wall Street Journal (WSJ), intelligence experts said the NFT could be a sign that Islamic State and other terror groups may also be using blockchain technology to evade sanctions and raise funds for their terrorist campaigns.
The NFT in question was reportedly discovered by Raphael Gluck, co-founder of the U.S.-based research firm Jihadoscope, who discovered the NFT through pro-ISIS social-media accounts.
The digital token, named "IS-NEWS #01," is said to be an image bearing the Islamic State’s emblem with text praising Afghanistan-based Islamic militants for attacking a Taliban position.
Mario Cosby, a former federal intelligence analyst specializing in blockchain currencies, said the user created another two other NFTs on Aug. 26; one showing an Islamic State fighter teaching students to make explosives and the other condemning smoking cigarettes.
The national security analysts said this could be a sign that terrorist groups may be using the emerging technology to spread their message and test new funding strategies, though the NFT in question was not listed for sale nor had it been traded.
"It's very much an experiment […] to find ways to make content indestructible," said Gluck.
The digital token was reportedly listed on NFT marketplace OpenSea, but the company quickly took the listing down and closed the posters account, citing a "zero-tolerance policy on inciting hate and violence."
The trio of NFTs was also seen on the NFT marketplace Rarible and several
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