Domestic NFTs bought “fake” works, have you been cut by NFTs?

Recently, an account of a domestic NFT trading platform was exposed to sell works that copied the account of a foreign NFT trading platform.

A team abroad collaborated with artist Maya Delia to create a series of NFT ponies. According to reports, the works of this series will be updated on CryptoHans every week, with a target of 7777 images, which will eventually be traded on OpenSea, a foreign NFT trading platform. Each of these NFT works is independently created and hand-painted by designer and artist Maya Delia.

Domestic NFTs bought "fake" works, have you been cut by NFTs?

Domestic NFTs bought "fake" works, have you been cut by NFTs?

Source: behance@CryptoHansClub

However, there is almost no report on this artist in the domestic media, which may be due to information asymmetry, so someone “openly” used CryptoHans’ account to make “official certification” on a social platform and a Chinese NFT trading platform. And released some works, which are consistent with the works on foreign NFT trading platforms, from color, image, details, name, creation time, including artist, almost all information is consistent.

Domestic NFTs bought "fake" works, have you been cut by NFTs?

Left: domestic pirated, right: foreign genuine

Drawing: Public Account “The Art of Plagiarism”

As a result, curious netizens asked CryptoHans whether their works were released in China. The reply was: Currently, our NFTs are only sold on OpenSea.

Domestic NFTs bought "fake" works, have you been cut by NFTs?

That is to say, this account that is “officially certified” in China has not obtained official authorization, and copied the works of CryptoHans and sold it in China. According to the inquiry of the public account “The Art of Plagiarism”, 19 of the 21 products previously sold by this account have been sold. Prices for the pieces range from 400 yuan to 18,888 yuan.

Domestic NFTs bought "fake" works, have you been cut by NFTs?

Domestic NFTs bought "fake" works, have you been cut by NFTs?

NFT art works can be easily copied and saved on the Internet, and the addresses on the blockchain are also anonymous. Even if they are infringed, it is difficult to find the infringer. Decentralized, the loss is almost irreversible.

Domestic NFTs bought "fake" works, have you been cut by NFTs?

In September 2021, 101 Bored Ape NFT avatars were sold for $24.39 million (about 157 million yuan) at Sotheby’s

In addition to directly copying the work, the NFT work “Boring Wukong” created by Wang Wendong, a professor of architecture at the Central Academy of Fine Arts, was accused of plagiarizing the boring ape head portrait of the NFT project “Boring Ape Yacht Club”.

The public account “Art of Plagiarism” exposed the comparison pictures of the two sets of works. It can be seen that “Boring Wukong” does look very similar to “Boring Ape” in details such as theme, shape and expression. This sparked controversy among netizens over the copyright of NFT works.

Domestic NFTs bought "fake" works, have you been cut by NFTs?

Drawing: Public Account “The Art of Plagiarism”

Afterwards, Wang Wendong posted a response to the question, and showed his creative process and the original copyright registration certificate of the work. He said: “Maybe one of the places where NFT is different from traditional art creation is transformation. Here are some NFT series works extended from the boring monkey. The value of NFT is not only a picture, but more importantly, the background behind the picture. Related rights, empowerment, ecology, derivatives, gameplay, dividends, status symbols, etc.” He also said: Because NFT is a new thing, it is barbaric, and creators with low psychological tolerance should be cautious.

Domestic NFTs bought "fake" works, have you been cut by NFTs?

ETA Universe ETA# Brother Dong, I didn’t copy NFT 2022 Image: NFT China

In fact, the current global NFT is in a state of “barbaric” development. The “boring ape” alone has triggered a lot of imitation and misappropriation. Two projects named PAYC and PHAYC appeared on OpenSea, which directly misappropriated the image of the boring ape in the form of mirror flip. In addition, there is no strict supervision and no real-name system in the NFT market, which also allows some criminals to take advantage of other loopholes.

Domestic NFTs bought "fake" works, have you been cut by NFTs?

PHAYC (bottom) mirror flipping the work of the boring ape (top)

Earlier, Todd Kramer, the owner of a New York gallery, posted on social media that NFTs in his wallet were stolen, with a total value of $2.2 million. Although Kramer recovered some NFTs with the help of OpenSea, an NFT trading platform, some of the stolen NFTs were sold by thieves, resulting in irreparable losses.

As a new thing, NFT has brought us new development possibilities. The early market is also trying and exploring. The existing system and people’s consensus need time to build a complete system. How to develop domestic digital art in the future is full of various possibilities, but one thing is certain, the future digital art will be more popular. It is hoped that in the process of industry progress, loopholes can be avoided a little bit, such as strengthening supervision and implementing the real-name system, etc., to create a good environment for the early stage of digital art, and to actively face and prevent digital art will become more and more perfect.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/domestic-nfts-bought-fake-works-have-you-been-cut-by-nfts/
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