Do you suppose that this doesn’t occur with physical artworks?  I reasonably suspect that it is the primary purpose of “modern art”, which requires zero talent to create:

• Have a brooding bipolar “artist” smear some random blobs of paint on a canvas—or throw some junk in a bin—or take a photograph of a urinal, or whatever.
• Pronouce it “modern art”.
• “Sell” it for $10 million between parties who want to transfer $10 million for other reasons.

If anybody ever questions this:  “You are unsophisticated.  You do not understand art.”

I point this out, because I disagree with the FUD with NFTs.  It is similar to the FUD with Bitcoin and so-called “money laundering”.  See also my prior post about this, which nutildah ripped off.

Yes, I have no doubt that Bitcoin is sometimes used for “money laundering”.  Far more “money laundering” is done with bags of cash, shell corporations, layering with front businesses, and most of all, insider connections at big banks (HSBC, JPMorgan Chase, ...).  Are you an old-school organized crime boss with a hundred million dollars to clean in a hurry?  You don’t use Bitcoin for that!  Instead, you call your banker.

Yes, artwork NFTs will probably be used for some “money laundering”.  But it will be a drop in the bucket compared to the monkey-business that already must exist in the art world.

Please, let us not ruin a good thing with Four Horsemen of the Cryptocalypse type of fearmongering.  Bitcoiners should know better than that!