Tuesday, October 3, 2023
HomeOpenseaArt theft an emerging issue on NFT platforms like OpenSea, is there...

Art theft an emerging issue on NFT platforms like OpenSea, is there a solution in sight

NFTs often become punchlines, resulting in a myriad of “right-click and save” memes. But on the contrary, traditional artists say it’s painful to see their work stolen without permission and created as an NFT.

You “art” the thief

On December 18th, British comic artist Liam Sharp, who has been involved in both Marvel Comics and DC Comics, Claim Someone stole his art and mint it as an NFT High seas.. Not surprisingly, he had some feedback on the NFT market.

The work in question is Put in OpenSea By a user called 7D03E7.. Created 2 days ago polygon The price of blockchain and artwork was 0.0008ETH [$3.14 at press time].. Users pointed out that other NFTs in the creator’s collection were also stolen with the names of other artists remaining.

Source: opensea.io

Nick Johnson, founder and lead developer of ENS, as many sought OpenSea to deal with what was happening. answered,

“It feels like a massive overreaction. The entire collection has zero sales. It’s like someone posting your work on Facebook without attribution. It’s crap, probably illegal, but It’s not a real threat. “

Another “paint” in the view

Traditional artists complained that their work was created as an NFT and sold without permission, which exploded after the 2021 NFT boom.In fact, DeviantArt is a popular platform for sharing your work. Use artificial intelligence Try to suppress the problem.
So is the unauthorized NFT a professional danger to DeFi spaces or a positive threat to traditional artists? Now look at the facts. According to the ConsenSys Web3 report 97% of market size Netted by OpenSea in the last quarter.In terms of revenue, OpenSea Over $ 16 Billion Cryptography According to Chainalysis, this year alone.

Simply put, it’s not easy to ignore this.

More than cryptography and crayons

OpenSea is a huge player in the NFT sector, but with the official launch of Coinbase NFT, there are two. Coinbase previously Reached out To form partnerships with traditional artists and help them pay in crypto.But that’s not all – other companies be interested NFTs included Visa, Fortune, Twitter and TikTok.

From now on, artist protection will undoubtedly be a major victory point for the next dominant NFT market. In addition, if the NFT Marketplace wants to attract more traditional artists, these are issues that need to be addressed quickly.

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