Re:Digital-only artwork fetches nearly $70M at Christie's
by UncleMeat on Thursday March 11, 2021 @01:28PM
(#26427278)
In fact, you can create a NFT for anything right now and sell it even if you don't hold the copyright for that thing. Go find your favorite digital art from the web, stick it in the blockchain and create a NFT, and sell it! Literally nothing will stop you.
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Re:Digital-only artwork fetches nearly $70M at Christie's
by joshspankit on Thursday March 11, 2021 @01:43PM
(#26427437)
One main thing will: Your fraud is public record.
Re:Digital-only artwork fetches nearly $70M at Christie's
by KaiserPro on Thursday March 11, 2021 @01:59PM
(#26427643)
its only fraud if you try and sell it as anything other than what it is, a hash.
People assume that the NFT is the rights to the actual work. But its just a hash. So selling something as an NFT of "x" is perfectly legal.
Re:Digital-only artwork fetches nearly $70M at Christie's
by joshspankit on Thursday March 11, 2021 @05:43PM
(#26429960)
Well yes, and people still successfully sell photos of game consoles when they launch because they put “NOT A PS5. ONLY A PHOTO” in the description.
But we all know it’s buyer beware. My point is more about the people who outright commit fraud (say for example by selling an NFT as a certificate of ownership for something they don’t have the rights to)