NFT and copyrights : the tribune of a collective of artists shakes the art market 


The new modern phenomenon of NFTs is sometimes a source of litigation, as it flirts with laws and legislators, who have difficulty understanding these digital assets. On May 31st, a collective of artists has thus warned via the diffusion of a tribune, against the non-respect of the copyright in the field of the digital art.
Since the advent of NFT in recent years, thousands of digital artworks of all kinds have emerged that have benefited brands, luxury houses and artists.
The popularity of NFTs has given rise to a debate about copyright and infringement issues. It is particularly within the art market that disputes related to these two issues have been the most frequent.
Which legislation for cases of copyright infringement?
The virtual art market, which has given rise to original works of art such as those by Beeple or Matt Hall and John Watkinson that have been sold for millions of dollars, is notably the place where many copies of world-famous works of art come to life.

On May 31, a collective of artists warned via the dissemination of a forum, against the non-respect of copyright in the field of digital art. Indeed, on the OpenSea platform, a platform specializing in the sale of NFT, many digital works have been created “in a wild way” by copying pre-existing works of famous artists such as Pablo Picasso, Marc Chagall, Joan Miró and Rene Magritte. “A wild world, deregulated both in terms of intellectual property and tax law,” said Claudia Andrieu, the legal manager of Picasso Administration.
This marketplace had even deliberately assumed it, admitting that 80% of the images transformed into “NFT” that were on its platform were false or stolen.
In November 2021, Picasso Administration had filed a lawsuit against the litigious site Picassol.io for copyright infringement, which offered for sale NFTs of Picasso’s works. The organization won the case, as the fraudulent site has since been blocked and the works removed from the market.
[…]
This article is reserved for subscribers.
Subscribe now !
Get unlimited access to all articles and live a new reading experience, preview contents, exclusive newsletters…
Already have an account ? Please log in.
Featured photo : © Maison LELIEUR
What's Your Reaction?

[EN] CLAIRE DOMERGUE, A SPECIALIST IN COMMUNICATION IN THE LUXURY SECTOR, HAS SURROUNDED HERSELF WITH EXPERTS TO CREATE THE FIRST MEDIA DEDICATED TO THE ECONOMIC NEWS OF LUXURY AND FASHION. THE LATTER DRAWS THE ATTENTION OF ITS READERS TO ALL THE MAJOR PLAYERS IN THESE SECTORS WHO SHARE THEIR EXPERIENCES, VISIONS AND KNOW-HOW. MORE THAN A SPECIALIZED WEBZINE, LUXUS PLUS IS A MULTI-SECTOR INFORMATION SYSTEM, WHICH HAS BECOME THE REFERENCE MONITORING TOOL FOR LUXURY AND FASHION PROFESSIONALS. OUR NEWSLETTERS CONTRIBUTE TO MAKE OUR READERS AWARE OF THE CHANGES AFFECTING THE LUXURY INDUSTRIES. THANKS TO AN INCREASED WATCH AND AN EXCELLENT KNOWLEDGE OF THE SECTOR, WE ARE INTERESTED IN THE MAIN ECONOMIC AND TECHNOLOGICAL STAKES OF FASHION, FINE WATCHMAKING, JEWELRY, GASTRONOMY, COSMETICS, PERFUMES, HOTELS, PRESTIGIOUS REAL ESTATE...********[FR] Claire Domergue, spécialiste de la communication dans le secteur du luxe, s’est entourée d’experts pour créer le premier média consacré à l’actualité économique du Luxe et de la mode. Ce dernier attire tout particulièrement l’attention de ses lecteurs sur l’ensemble des acteurs majeurs de ces secteurs qui y partagent leurs expériences, visions et savoir-faire. Plus qu’un webzine spécialisé, Luxus Plus est un système d’information multi-sectoriel, devenu l’outil de veille de référence pour les professionnels du luxe et de la mode. Nos newsletters de veille contribuent en effet à sensibiliser nos lecteurs aux mutations qui touchent les industries du luxe. Grâce à une veille accrue et à une excellente connaissance du secteur, nous nous intéressons aux principaux enjeux économiques et technologiques de la mode, la haute horlogerie, la joaillerie, la gastronomie, des cosmétiques, parfums, de l’hôtellerie, l’immobilier de prestige…