$ 7.5 million NFT collection, which is accused of using art without permission, threatens due to legal steps-

While non -fungible tokens (NFT) assets were extremely popular in 2021, there were also a number of problems related to the ecosystem. According to a current report, for example, a dozen artists are considering legal steps against an NFT collection called "Art Wars" because their original works of art were sold as NFTs without their consent.

NFT collection aims to use works of art without permission from the original artists

non -fungible tokens (NFT) assets have achieved sales in billions of bills this year, and the term "NFT" was only recently used awarded the Collins English dictionary word of the year. In the last seven days, NFT markets like OpenSea have seen $ 587 million for sales over 20 million US dollar and rarble over 3 million US dollar on weekly Nft sales.

Recently, however, certain problems have occurred in the NFT industry, such as z durability , Zensur , Insiderhandel , and now artists are annoyed about it, that NFTS are issued without consent. Financial Times (FT) reports that works of art by Anish Kapoor and David Bailey were issued as non -funny tokens without obtaining their blessing.

according to test report photographed and sold as a NFT. The NFT collection was for millions or about 1,600. sold ETH What more than 7.5 million US dollars correspond.

A dozen artists can take legal action - legal disputes about intellectual property and NFTS

The report by FT notes that the collection with the name " art wars " are approximately 1,138 pictures. Works of art that are attributed to Kapoor became 1,000. resolved eth , while the work of Bailey for 120. In resale was eth . Cristina CRIDDLE from FT said that the NFTS have been removed since then by .

"According to the legal representatives, around 12 artists consider legal steps against the project," emphasizes Criddles's report. Criddle explains the Helen Downie , an artist who uses the name "Unskilled Worker", can initiate legal steps after he has noticed two helmets.

Similar problems like Kapoor and Bailey have recently occurred in the NFT industry and have made headlines. Legal representative of both comic publishers and Marvel have warned no above-mentioned material and none Use characters to sell them as NFTs.

The celebrated film director Quentin Tarantino is in a Legal dispute Fiction “nfts. ROC-A-FELLA RECORDS is in a Legal dispute with Damon Dash via NFTS in connection with Jay-zs Debut album "Reasonable Doubt".

What do you think of the artists who think about taking legal action against the NFT collection that took over $ 7 million? Let us know your opinion on this topic in the comments below.

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