2 ms·
The NFT itself is counterfeit proof but the art work isn’t right? Anyone can (and has) simply take a piece of someone else’s art and mint an NFT for it then sel
by meheleventyone 6y ago
The NFT itself is counterfeit proof but the art work isn’t right? Anyone can (and has) simply take a piece of someone else’s art and mint an NFT for it then sell it. Hand waving away other concerns (which are real and a problem) uncontrollable fraud is what will render the market valueless.
- holdup 6y agoThis is exactly where it gets muddy for me. And even beyond a direct copy of a digital work, who's to stop somebody from minting a digitized version of a physical work, like the duct tape banana. Or would that count as a 'derivative work' and therefore not be seen as infringement?
- simplecto 6y agoAgreed, but it seems that some of the marketplaces have things like verified accounts and pay-to-play with significant entry fees. A reputation system for artists is interesting. One hopes fraud and unoriginal Derivatives/copying are not in the collectors culture