I was thinking about music NFTs and had a thought.
What is stopping people from just uploading pirated songs as an NFT. The NFTs will exist permanently and someone could just allow unlimited amount of mints. What is stopping people from just uploading an entire movie per say?
Furthermore, what is stopping people from uploading illicit images?
Is there any censorship at all?
Cheers
>What is stopping people from just uploading pirated songs as an NFT. The NFTs will exist permanently and someone could just allow unlimited amount of mints. What is stopping people from just uploading an entire movie per say?
The purpose of NFT is ownership of rights not access to the media. No one has at any point claimed what you’re asking about, the issue is who gets all the money when this shit sells the artist or the record label? Paying for music is not really a thing anymore. This is about licensing, ownership and who gets the money per play on radio, spotify, insert movie, etc…
The nft is pretty much useless without the market that implements it’s usage. The market would receive a DMCA and then remove your collection/contract and make it so you cannot trade it or have it up on their platform
I have also been curious about this. Commenting for visibility.
Nothing, because NFT is based on decentralized and international. So it is lawless section.
Nothing stops people from doing it, it has been done before with music and artwork. I remember one collection of a ton of music NFTs from a wide range of electronic music artists where the founders posed as a legit operation, sold out, and disappeared before getting caught.
However, intellectual property (IP) law DOES apply to NFTs and Web3 in general (despite what some people think) and so making NFTs of IP that you don’t own carries the same risks/consequences. Sure, maybe you can get away with it and disappear, but in terms of a sustainable business model, selling “bootlegged” NFTs is not really a smart way to go. Sooner or later, the lawyers will come knocking, and you’ll have to answer for the profits you’ve made off of IP you don’t own the rights to.
We published an article about IP and NFTs recently here: https://www.artiffine.com/blog/can-i-make-an-nft-from
It would be cool to buy NFT music directly from the artist.