NFT art market is booming amid an uptick in fraud

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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.

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