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You're most likely correct on this. However I've been a God's Unchained (NFT TCG) player for about 4 years, and the number of times a common card worth $0.02 randomly sells for $5,000+ is absurd. With the amount of fees tacked on to the transaction and the 100s of readily available sell orders to purchase the same card, *that* is definitely money laundering.
Which is every TCG tbh. That said there are plenty of 10 dollar decks who perform well at the highest rank. So it isnt that bad. Especially when comparing to a AAA game which will set you back 60 dollars and doesnt have much resell value. Cards you buy, you can also sell again when you stop