> 1. You can bid on one and when the bidding duration is over the NFT goes to the highest bidder

Does anyone know if the bids are binding and use an escrow? I see crazy bids out there, but I always thought those could be bs. But if they are binding and get held in escrow (with gas fees and all), then they're legit.

> - NFTs are swapped frequently to generate fake demand. Look at the transaction logs before buying

High gas is a feature not a bug in that case. If you're spending hundreds of dollars in gas to create a phony transaction, then its pretty expensive.