Booming NFT art market plagued by ‘mind-blowing’ fraud

Palmer, the California artist, says sometimes he gets dozens of alerts a day from DeviantArt that his work is being sold without his permission on OpenSea.Last year, he successfully petitioned OpenSea by email to take down some auctions of his work.But, in recent weeks the platform has been requiring artists submit a Digital Millennium Copyright request, the formal legal mechanism for copyright owners to ask that their work be taken off a hosting platform, Palmer said.”I’ve given up submitting these requests, it’s just too time consuming,” he said.Artists like Palmer want platforms like OpenSea, which was recently valued at $13 billion, to invest more in proactively ensuring artists’ work isn’t ripped off.Some have given up petitioning OpenSea and have started submitting their complaints directly to Google, which hosts the images on OpenSea’s auctions.The OpenSea spokesperson said in a statement that the company is scaling its efforts “across customer support, trust and safety, and site integrity so we can move faster to protect and empower our community and creators.”James Grimmelmann, a professor of digital law at Cornell Law School, said as long as the NFT platforms are responding to complaints from copyright holders, they are operating within the law – even if scammers are running rampant.Grimmelmann said NFT marketplaces are facing the same thorny issue that the older generation of internet platforms is still grappling with: how to fairly moderate online content at a massive scale.”NFTs don’t solve this problem,” he said. “These platforms are just the latest to discover how hard that really is.”

Source: Booming NFT art market plagued by ‘mind-blowing’ fraud

The problem of CryptoArt – Studio Joanie Lemercier

The CryptoArt market is a new way for artists to distribute digital works to collectors: often digital images and video files. The blockchain technology provides secure ownership, traceability, artist commission on second market sales and a thriving market place, with platforms emerging quickly: Nifty Gateway, SuperRare, MakersPlace.. It’s a vibrant and welcoming community, a place to discuss the works with collectors, and it brings a lot of benefits that the Art market fails to provide.With no travel involved, and a mostly digital distribution, this new model looks like it has the potential to become a sustainable practice for artists. That’s until you understand the magnitude of the environmental impacts of the current blockchain: It is a DISAST

Source: The problem of CryptoArt – Studio Joanie Lemercier

The Gray Market: How One Warhol Auction Embodies the Blind Spots of Many Blockchain Art Startups (and Other Insights) | artnet News

On Wednesday, art investment startup Maecenas opened online registration to participate in an event it is billing as “the world’s first ever blockchain-based auction of fine art.” But in my opinion, slicing into the details lays bare a number of deficiencies that also apply to much of the overheated art and blockchain space. (If you’re not familiar with that space yet, check out my primer from earlier this year.)

Source: The Gray Market: How One Warhol Auction Embodies the Blind Spots of Many Blockchain Art Startups (and Other Insights) | artnet News

Censorship has a long history and is practiced in many societies. There have been book burnings by fascist regimes, religions censoring texts, and even social media is being monitored and censored by governments. is a decentralized, censorship-free communication platform that runs on blockchain technology. The inherent immutability of the technology allows us to store messages in the massively shared and spread database that is the blockchain. Any data stored in the blockchain is permanent, and therefore free from any form of censorship. Information wants to be free. is not only here for freedom of communication, but also the preservation of information.