NFT art market is booming amid an uptick in fraud

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 63%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

But fraud and low-quality work have always existed in the art world, says a Canadian artist

Before he died in 2019, Dan Howard was a concept artist, working with major video game companies and posting his drawings online, where he had a loyal fan base.

On some NFT marketplaces, anyone can upload any image, create an NFT linked to that art and put it up for sale, all without having to show any proof that they own the original image. Aaron Ferguson, an artist in Canada, disagrees, saying that selling NFTs of his work jump-started his career. He was recently given a grant by Obscura, an artist collective that supports photographers in the NFT scene.“You can’t scapegoat NFTs,” he said. He much prefers the NFT scene to posting images for free on websites such as Facebook or Instagram.

Aggrieved artists can also theoretically contact whoever posted their work for sale, said Moish Peltz, a Florida-based lawyer who specialises in NFTs and blockchains.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Gen Z investors are ditching meme stocks for the metaverseYoungsters are shifting their focus to electric vehicle start-ups and NFT companies
Source: SundayTimesZA - 🏆 47. / 51 Read more »

Market data — January 17 2022Market data including bonds and forward rates I'm sharing this because this was exactly how I saw so many posts about Alfred Wakeford and how he’s helping individuals with their BITCOIN or Forex trades and I decided to give it a try and luckly it went well, Contact him via his profile link below 👇👇 Alfrednwake
Source: BDliveSA - 🏆 12. / 63 Read more »