meta_pixel
Tapesearch Logo
Log in
TechCheck

TechCheck+ NFTs with Cent co-founder & CEO

TechCheck

CNBC

Disruptors, Tech, Technology, Cnbc, Management, Business, Faang, Investing

4.566 Ratings

🗓️ 15 February 2022

⏱️ 15 minutes

🧾️ Download transcript

Summary

Cent, the platform which sold an NFT of Jack Dorsey's first tweet, decided to halt transactions on its marketplace. TechCheck’s Deirdre Bosa and Cent co-founder and CEO Cameron Hejazi discuss why he made that decision and what’s next for Cent and NFT platforms.

Transcript

Click on a timestamp to play from that location

0:00.0

Hey everyone, welcome to another Tech Check Plus live stream.

0:04.0

I'm thrilled to have Cameron Hajazi with me, co-founder or founder and CEO of Sent.

0:10.0

Right, Cameron? How are you?

0:11.0

Co-founder, yeah. I have a great team that started sent with. I'm great. Thank you.

0:16.0

So there's a lot going on in the NFT world now for the last year.

0:20.0

It certainly just ramped up. Talk about your decision to stop There's a lot going on in the NFT world now for the last year.

0:22.3

It certainly just ramped up.

0:28.0

Talk about your decision to stop most NFT sales on your platform. And what the industry at large is sort of grappling with right now.

0:32.6

Yeah.

0:33.0

So like any explosion, there is a huge trend happening before us with digital asset ownership,

0:40.0

and we're still figuring out how to react to the types of behaviors that we see.

0:44.7

There's obviously a lot of opportunistic behavior going on by people who want to make a

0:48.9

quick buck and act in a way that is inconsistent with a lot of the values of the space. And so for us at Cent, you know, we're a relatively small platform.

0:58.2

We are not the majority of NFT volume transactions by any means.

1:03.4

And, you know, we had our tweet marketplace last year,

1:06.1

and we also have our own minting platform at beta.com.

1:10.3

And for us, what we started to witness was a lot of counterfeit NFTs on our platform.

1:15.6

And we repeatedly tried to curtail that behavior, ban offending accounts, but we just felt like it kept coming up and we didn't have a robust solution.

1:25.6

And so for us, we're in a position where we can turn it off.

1:28.8

We can stop the sales of NFTs on our platforms.

1:33.4

Again, we're relatively small, but we think that this is something that we hope to start

1:37.5

an industry-wide conversation around because it's not going to stop by any one platform

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.