There have been a raft of stories lately about exchanges cutting off NFT sales because of rampant copying/fakes. Just because its digital doesn’t mean an image isn’t protected.
If NFTs are to have any lasting value, stopping fakes is critical. The issues is made even more difficult considering the borderless world of digital images. If there is a problem, which court would an artist file in? Who has jurisdiction.
A lot will depend on where the NFTs are able to be bought and sold. But getting any damages may prove difficult. That’s probably why exchanges are starting to take action. They can be sued (or cut out of lucrative markets like the U.S.)
Wouldn’t be surprised if some sort of registry forms in the future (yes it’s a somewhat centralized idea, but without authority, even voluntary, the entire digital art market will collapse (or be run by big auction houses like Sotheby’s, etc. an no one wants that.)
* “Marketplace suspends most NFT sales, citing ‘rampant’ fakes and plagiarism” — Reuters [
* “Right-click savers send NFT marketplace Cent into indefinite hiatus” — Protos, [
8 thoughts on “Copyrights still matter, especially for NFTs”
Pretty sure nft’s are a poisoned term now and big companies and such will back out and abandon their projects
There are lot of issues and loophole in NFT market which need to be resolved over time.
In my humble opinion, art isn’t the best use of NFT technology. It’s awesome for bringing awareness, and it’s also awesome for exposing the weaknesses. I think it could be used to authenticate owners of objects of art, which may help prevent forgeries. There is so much potential for this technology!
Don’t tell me what I can screenshot and what I can’t, that’s for me to decide!
Ownership verification is not enough!
This is the exact motivation for why NFT are almost useless, until someone comes up with a solution that is able to enforce the authenticity of the things that are published on the blockchain there is very little use for them.
NFT is only one piece of the puzzle for digital property ownership. It’s a big piece but we are still missing quite a few other pieces.
There are no digital copyright laws that NFTs fall under