A new decentralized NFT platform is vowing to give back power and autonomy to photographers — enabling them to prove ownership of their work and avoid the hefty commissions that are charged by major online marketplaces. The team behind Unique.Photo says the site has been built in response to the challenging environment that experienced photographers face. Copyright infringement is a widespread issue, and the proliferation of third-party platforms has made it increasingly difficult for professionals to secure and control their income. Launching in May 2021, the permissionless marketplace is the next milestone in the creation of an ecosystem that is …
Copyright infringement in the online world has been an issue ever since the internet entered our lives. With a copy-and-paste culture, it’s never been easier to pass off a funny tweet as one’s own, upload unauthorized versions of chart-topping songs, and repurpose jaw-dropping photographs and videos. Now that nonfungible tokens have entered into the arena, a whole host of new issues have emerged. Opportunists are now tokenizing artwork without consent, and in some cases, artists haven’t realized their pieces have been plagiarized until the NFTs have been bought and sold. One attorney recently told Vice that, while creators do have …
A unique Spiderman drawing by Marvel comics artist Adam Kubert has sold for 12.75 Ether (ETH) ($25,000) after being turned into a non-fungible token on the Ethereum blockchain. Kubert’s piece is one of 25 unique artworks expected to be launched as NFTs by several Marvel artists, including Dan Panosian, Matteo Scalera, Dave Johnson, Andy Kubert and Eric Canete, as announced on Feb. 15. The NFTs are to be sold on Portion.io, a platform that allows users to create and auction rare art on the Ethereum blockchain. A recent announcement by the Portion team stated, “We would like to announce that …
Russian punk rock collective Pussy Riot is planning to launch a DAO for LBTQ+ and women artists. As the group’s co-founder Nadya Tolokonnikova told Cointelegraph, The DAO will be working on reducing the gender inequality that still marks the NFT space and, more broadly, the crypto industry. Despite the large gender gap in crypto — around 60% of US crypto investors are white men according to a survey from August 2021 — Nadya is convinced that it is still early enough for Pussy Riot to make an impact. “The NFT space is still so small, I feel that with a …
In the last decade, streaming platforms like Spotify, Soundcloud and Apple Music have completely transformed the music industry, allowing music to be streamed far and wide and accessible to all online. But for the artists, accessibility has posed a big issue when it comes to monetizing and owning the music they poured their hearts into. To put these values into perspective, 97% of artists on streaming platforms such as Spotify are currently earning less than $1,000 per year. It is only now that the right technologies have emerged with the potential to return power to the artists. With a rise …