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Let's give OpenSea the benefit of doubt and say they don't know their platform is being used to illegally sale things the distributor doesn't own. I see no reas

Let's give OpenSea the benefit of doubt and say they don't know their platform is being used to illegally sale things the distributor doesn't own. I see no reason they shouldn't be held to the same copyright rules that Youtube is after the Youtube vs Viacom judgement that says Youtube has to put forth a good faith effort to upholding copyright on their site. As far as I know OpenSea has no tools to do. If they are seeking a 13B valuation then they absolutely have the resources to implement tool for artist to more easily protect their work and seek compensation if their work is stolen and sold. Also people saying "I see no difference between OpenSea and eBay" are naive. The dose makes the poison and it is much easier for me to steal some artist work and sell it as an NFT than it is for me to steal my neighbor's phone and sell it on eBay. There is a huge risk in getting caught and both eBay as well as cell phone manufacturers have tools in place to reduce theft such as blacklisting the stolen phone's IMEI.

politician 5y ago
NFTs are not a container in which a stolen artwork can be placed. This current trend of art NFTs are roughly an HTML <img> tag that only one person can own but anyone can read. When the image source url is loaded it resolves to some image. TLDR: Links are being sold, not art. Not stolen art. You can't steal art and put it into an NFT because NFTs don't carry image data (as currently defined in ERC-721).
- BoysenberryPi 5y ago
  You're playing with semantics. Someone is selling ownership to something they do not own.
  - politician 5y ago
    I am certainly not playing with semantics. I think you may be very confused about what an NFT is. You may be familiar with JSON. Can you imagine a JSON document with a URL attribute? Now can you imagine selling that JSON document to someone else? That's an NFT (sans some crypto that makes duplicating that document impossible). You may be familiar with HTML. Imagine selling a hyperlink to someone else. Literally the string '<a href="...">' tag. That's an NFT (sans some crypto that makes duplicating that string impossible). Nothing is being sold other than the ownership of one unique JSON document or one unique HTML string. If people want to believe that a picture of the Empire State building makes them the new owners of the Empire State building, I don't know what to say.
Ansil849 5y ago
Let's not shift the goalposts too much. The OP was claiming that OpenSea is breaking the law. That's a serious claim. Serious claims require serious evidence. So I asked which law(s) is OpenSea breaking. Not having automated IP infringement detection tools is AFAIK not illegal, and so is irrelevant to the discussion (though a two-second web search showed that OpenSea has a FAQ page on the procedure for reporting IP violations [1]). So again, my question is which law(s) is OpenSea violating, as that is what OP is claiming, without any evidence. [1] https://support.opensea.io/hc/articles/4412092785043-What-can-I-do-if-my-art-is-being-sold-without-my-permission- https://support.opensea.io/hc/articles/4412092785043-What-ca...

politician 5y ago

NFTs are not a container in which a stolen artwork can be placed. This current trend of art NFTs are roughly an HTML <img> tag that only one person can own but anyone can read. When the image source url is loaded it resolves to some image. TLDR: Links are being sold, not art. Not stolen art. You can't steal art and put it into an NFT because NFTs don't carry image data (as currently defined in ERC-721).

BoysenberryPi 5y ago
You're playing with semantics. Someone is selling ownership to something they do not own.
- politician 5y ago
  I am certainly not playing with semantics. I think you may be very confused about what an NFT is. You may be familiar with JSON. Can you imagine a JSON document with a URL attribute? Now can you imagine selling that JSON document to someone else? That's an NFT (sans some crypto that makes duplicating that document impossible). You may be familiar with HTML. Imagine selling a hyperlink to someone else. Literally the string '<a href="...">' tag. That's an NFT (sans some crypto that makes duplicating that string impossible). Nothing is being sold other than the ownership of one unique JSON document or one unique HTML string. If people want to believe that a picture of the Empire State building makes them the new owners of the Empire State building, I don't know what to say.

Ansil849 5y ago

Let's not shift the goalposts too much. The OP was claiming that OpenSea is breaking the law. That's a serious claim. Serious claims require serious evidence. So I asked which law(s) is OpenSea breaking. Not having automated IP infringement detection tools is AFAIK not illegal, and so is irrelevant to the discussion (though a two-second web search showed that OpenSea has a FAQ page on the procedure for reporting IP violations [1]). So again, my question is which law(s) is OpenSea violating, as that is what OP is claiming, without any evidence. [1] https://support.opensea.io/hc/articles/4412092785043-What-can-I-do-if-my-art-is-being-sold-without-my-permission- https://support.opensea.io/hc/articles/4412092785043-What-ca...