Theft and fraud are rampant in the ‘Wild West’ of NFTs. Here’s how artists and buyers can protect themselves:
, for example, launched a beta version of DeviantArt Protect last July, an automated image recognition software that scans public blockchains and third-party marketplaces for potential infringement of NFT works. As of December last year, DeviantArt Protect has scanned more than 3.7 million NFT images per week, and issued more than 50,000 alerts related to potential NFT art theft. The platform is looking into expanding the service this year.
Smoke and Mirrors #60. Knight of Staffs minted on the CXIP smart contract. Courtesy of Justin Aversano. “Artists cannot claim their copyright for all jurisdictions unless they have a deep pocket,” the artist Giovanna Sun said, adding that even for platforms that have layers of gatekeepers, scammers won’t go away easily.
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