The counterfeit NFT problem is only getting worse

France Nouvelles Nouvelles

The counterfeit NFT problem is only getting worse
France Dernières Nouvelles,France Actualités
  • 📰 verge
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 67%

'You follow us if you basically want to live in hell and know how bad things are.'

, an image recognition tool that automatically issues takedown requests for artists. The tool is already in beta testing with 20 artists.Rarible, another major NFT marketplace, has cut down on plagiarism by implementing

“It’s very hard to buy from an unverified creator on Rarible,” Alexei Falin, co-founder and CEO of Rarible, toldHowever, image recognition and marketplace verification are only Band-Aids, according to Iseri. The solution, which SnifflesNFT hopes to build, is a “blockchain-scale” reputation system that verifies legitimate collectors, artists, and sellers, while penalizing scammers, regardless of the marketplace.

Other artists are looking to a legal approach if NFT marketplaces can’t get it together. Jon Neimester, a concept artist who works on the popular video game, has said he is collecting evidence for a class-action lawsuit. Concept artist RJ Palmer, who worked on“OpenSea has bastardized the entirety of what NFTs are about for artists”

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

verge /  🏆 94. in US

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Moon: The Lunar Metaverse Launches Revenue Generating NFT Land Sale – Sponsored Bitcoin NewsMoon: The Lunar Metaverse Launches Revenue Generating NFT Land Sale – Sponsored Bitcoin NewsMoon is a brand new economic, and social Metaverse inspired by lunar exploration. Players have the opportunity to acquire NFT land plots, develop a new
Lire la suite »

Sotheby’s and Artist Kevin McCoy are Being Sued Over the Sale of a $1.5 Million NFTSotheby’s and Artist Kevin McCoy are Being Sued Over the Sale of a $1.5 Million NFTA holdings company that claims to own 'Quantum' has filed a lawsuit against the artist and auction house.
Lire la suite »

‘Wave of litigation’ to hit NFT space as copyright issues abound‘Wave of litigation’ to hit NFT space as copyright issues aboundCross your T’s and dot your I’s. Despite some users believing the contrary, owning an NFT does not equate to ownership of copyright or intellectual property.
Lire la suite »

Nike sues StockX for trademark infringement in latest NFT mintNike sues StockX for trademark infringement in latest NFT mintNike claims StockX sold Nike-branded non-fungible tokens (NFTs) that did not originate from Nike during a mid-January drop.
Lire la suite »

Why @NFT Instagram Account Was Banned | CoinMarketCapWhy @NFT Instagram Account Was Banned | CoinMarketCapBoasting 1.7 million followers, and counting Mark Cuban among its investors, NFT was undoubtedly responsible for introducing countless Instagrammers to the world of digital art.
Lire la suite »

Impress Your Friends with these 30 NFT and Web3 Acronyms | HackerNoonImpress Your Friends with these 30 NFT and Web3 Acronyms | HackerNoonAn easy-to-read introduction to the major terms and concepts of web3 and NFTs
Lire la suite »



Render Time: 2025-03-26 01:03:53