{"id":11148,"date":"2022-05-16T07:45:45","date_gmt":"2022-05-16T06:45:45","guid":{"rendered":"https:\/\/cardiffjournalism.co.uk\/life360\/?p=11148"},"modified":"2022-06-15T17:16:57","modified_gmt":"2022-06-15T16:16:57","slug":"a-really-unsafe-space-are-artists-the-victims-in-the-wild-west-of-the-nft-world","status":"publish","type":"post","link":"https:\/\/cardiffjournalism.co.uk\/life360\/a-really-unsafe-space-are-artists-the-victims-in-the-wild-west-of-the-nft-world\/","title":{"rendered":"&#8220;A really unsafe space&#8221;: Are artists the victims in the wild west of the NFT world?"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">NFTs were supposed to make it easier for artists to have control over their work. But with countless accounts of scams, plagiarism and unfair treatment, has it done more harm than good?<\/h2>\n\n\n\n<p class=\"has-drop-cap\">Scammers stealing his identity and impersonating him is what terrifies Bor the most. Getting his art stolen and uploaded as NFTs is a close second. But when the latter actually happened last November, he wasn\u2019t really surprised.<\/p>\n\n\n\n<p>As more and more artists have migrated towards NFTs to try and sell their work, cases of stolen artwork have only become more common. \u201cAs soon as the market took off, fraud and plagiarism went up with it,\u201d says Bor, the artist, musician and designer from California who manually searched for his work and found it for sale without his permission.<\/p>\n\n\n\n<p>Coming across your art being used illegally is not uncommon for digital artists. While it\u2019s painstaking to counterfeit physical art, stealing someone\u2019s work on the internet is as easy as right-clicking and selecting \u2018Save As\u2019. NFTs \u2014 digital tokens of any form of art on the internet&nbsp;\u2014 were introduced as a means of giving some of the ownership and copyright power back to the artists.<\/p>\n\n\n\n<figure class=\"wp-block-embed alignwide is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe class=\"zeen-lazy-load-base zeen-lazy-load\" title=\"NFTs Are Fueling a Boom in Digital Art. Here\u2019s How They Work | WSJ\" width=\"1200\" height=\"675\" src=\"about:blank\" data-lazy-src=\"https:\/\/www.youtube.com\/embed\/zpROwouRo_M?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><noscript><iframe title=\"NFTs Are Fueling a Boom in Digital Art. Here\u2019s How They Work | WSJ\" width=\"1200\" height=\"675\" src=\"https:\/\/www.youtube.com\/embed\/zpROwouRo_M?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/noscript>\n<\/div><\/figure>\n\n\n\n<p>Bor almost jumped on the NFT bandwagon before realising the <a href=\"https:\/\/www.theverge.com\/2021\/3\/15\/22328203\/nft-cryptoart-ethereum-blockchain-climate-change\" target=\"_blank\" rel=\"noreferrer noopener\">problems it posed<\/a>, and decided to become an activist for all creatives. He says, \u201cSmall, independent artists were absolutely the first to really embrace this technology because they thought it would fix the problems that artists face. But in the end, it\u2019s the same problems they had before, if not worse.\u201d<\/p>\n\n\n\n<p>In recent months, crime in the NFT world has soared. From plagiarism and hacks to identity thefts and extortion, fraudsters have used every trick in the book to scam artists, and their schemes have reaped massive returns. A <a href=\"https:\/\/go.chainalysis.com\/rs\/503-FAP-074\/images\/Crypto-Crime-Report-2022.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">report by Chainalysis<\/a> found that 262 fraudulent accounts selling NFTs to unsuspecting buyers made a profit of $8.9 million in one year.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-style-default is-layout-flow wp-block-quote-is-layout-flow\"><p>Artists don\u2019t like talking about it because of the harassment that comes after<\/p><\/blockquote>\n\n\n\n<p>Bor felt there wasn\u2019t enough attention being drawn to this, and to document frauds, he started the Twitter account <a href=\"https:\/\/twitter.com\/NFTtheft\" target=\"_blank\" rel=\"noreferrer noopener\">@NFTtheft<\/a>. \u201cIt\u2019s a tool for other people to track theft, a resource for plagiarism in the space,\u201d says Bor, whose account regularly retweets artists who\u2019ve been the victims of NFT crime. Still, he believes what he\u2019s documenting is a narrow sliver of all the total cases.<\/p>\n\n\n\n<p><a href=\"https:\/\/opensea.io\" target=\"_blank\" rel=\"noreferrer noopener\">OpenSea<\/a>, the largest NFT marketplace on the internet, recently <a href=\"https:\/\/twitter.com\/opensea\/status\/1486843204062236676?s=20&amp;t=JpDil7vRYLKTJbaPlnGtWg\" target=\"_blank\" rel=\"noreferrer noopener\">announced<\/a> that 80 percent of NFTs on the platform are \u201cplagiarised works, fake collections, and spam.\u201d Unsurprisingly, it\u2019s the place where Bor found NFT copies of his work as well, and he argues that there\u2019s a lot more that marketplaces can do to cut down on frauds.<\/p>\n\n\n\n<p>\u201cRight now, you can anonymously create an account without needing anything to tie you to a real person,\u201d he says. \u201cIf you get caught stealing art and they shut your account, you can just create another account. Since they don\u2019t know who you are, they can\u2019t stop you from doing it again.\u201d<\/p>\n\n\n\n<figure class=\"wp-block-image alignwide size-large\"><img decoding=\"async\" width=\"1024\" height=\"576\" loading=\"lazy\" src=\"https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/opensea_nft_art_ethereum_bitcoin_blockchain-1-1024x576.jpg\" alt=\"\" class=\"wp-image-11337\" srcset=\"https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/opensea_nft_art_ethereum_bitcoin_blockchain-1-1024x576.jpg 1024w, https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/opensea_nft_art_ethereum_bitcoin_blockchain-1-300x169.jpg 300w, https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/opensea_nft_art_ethereum_bitcoin_blockchain-1-770x433.jpg 770w, https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/opensea_nft_art_ethereum_bitcoin_blockchain-1-1536x864.jpg 1536w, https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/opensea_nft_art_ethereum_bitcoin_blockchain-1-2048x1152.jpg 2048w, https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/opensea_nft_art_ethereum_bitcoin_blockchain-1-293x165.jpg 293w, https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/opensea_nft_art_ethereum_bitcoin_blockchain-1-1400x787.jpg 1400w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><noscript><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/opensea_nft_art_ethereum_bitcoin_blockchain-1-1024x576.jpg\" alt=\"\" class=\"wp-image-11337\" srcset=\"https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/opensea_nft_art_ethereum_bitcoin_blockchain-1-1024x576.jpg 1024w, https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/opensea_nft_art_ethereum_bitcoin_blockchain-1-300x169.jpg 300w, https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/opensea_nft_art_ethereum_bitcoin_blockchain-1-770x433.jpg 770w, https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/opensea_nft_art_ethereum_bitcoin_blockchain-1-1536x864.jpg 1536w, https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/opensea_nft_art_ethereum_bitcoin_blockchain-1-2048x1152.jpg 2048w, https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/opensea_nft_art_ethereum_bitcoin_blockchain-1-293x165.jpg 293w, https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/opensea_nft_art_ethereum_bitcoin_blockchain-1-1400x787.jpg 1400w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/noscript><figcaption>OpenSea has more than 1 million active users and a market valuation of $13.3 billion, making it the leading NFT marketplace<\/figcaption><\/figure>\n\n\n\n<p>But the problem with marketplaces stepping in to offer protection in the form of regulations goes against the principle of a <a href=\"https:\/\/www.investopedia.com\/terms\/b\/blockchain.asp\" target=\"_blank\" rel=\"noreferrer noopener\">decentralised blockchain<\/a> \u2014 the technology upon which NFTs are built. <a href=\"https:\/\/www.dmu.ac.uk\/about-dmu\/academic-staff\/technology\/catherine-flick\/catherine-flick.aspx\" target=\"_blank\" rel=\"noreferrer noopener\">Dr Catherine Flick<\/a>, a computing and social responsibility academic at De Montfort University, says that a lot of the people buying NFTs are cryptocurrency fanatics who avidly believe that no one should be in charge of the internet.<\/p>\n\n\n\n<p>\u201cRegulation will definitely drive off some of [the buyers], because they believe in moving away from the centralised structures,\u201d she says. \u201cThe whole idea of regulations is just anathema to them.\u201d<\/p>\n\n\n\n<p>OpenSea\u2019s attempts to introduce protective measures for artists have been met with scepticism by such people. But it has also offered artists at least a procedure or guidelines to do something if they find their art getting stolen. Last December, hundreds of stolen artworks by <a href=\"https:\/\/loish.net\" target=\"_blank\" rel=\"noreferrer noopener\">Dutch illustrator Lois van Baarle<\/a> showed up on OpenSea. After calling out the company on Twitter, she managed to get all of them taken down within 48 hours.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">my experience with NFTs? having to spend hours and hours of my time reporting copyright infringements, sometimes to no avail whatsoever as these platforms barely respond. a week later, I can start all over again as even more of my art is uploaded to the platform by grifters.<\/p>&mdash; Loish (@loishh) <a href=\"https:\/\/twitter.com\/loishh\/status\/1470341105979961347?ref_src=twsrc%5Etfw\">December 13, 2021<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>In Van Baarle\u2019s case, her immense popularity on social media helped in broadcasting her message, but not every artist is as successful. Bor says that he\u2019s heard from multiple artists whose pleas to take down the stolen artworks have gone unheard. In some of the worst cases, OpenSea has outright refused to do so, or made it terribly difficult by asking them to submit personal information that would be shared with the sellers of the forged artworks.<\/p>\n\n\n\n<p>Revealing sensitive information is particularly dangerous for those speaking out against cryptocurrency, as they become the targets of crypto-evangelists. According to Bor, this is another reason why a lot of victims of NFT crime don\u2019t come out to the public with their stories. <\/p>\n\n\n\n<p>\u201cA lot of artists don\u2019t like talking about it because of the harassment that comes after. People will pile on to them. I\u2019ve seen artists just stop sharing on Twitter, or have their accounts go private or deleted,\u201d says Bor, who uses a made-up name to stay anonymous and avoid backlash from the crypto world.<\/p>\n\n\n\n<p>But the quagmire isn\u2019t just limited to artists who sell NFTs. In April, independent artist and game designer Valentin Winkelmann\u2019s 3D artwork titled \u2018<a href=\"https:\/\/skfb.ly\/onOrp\" target=\"_blank\" rel=\"noreferrer noopener\">Steampunk Pilot Seat<\/a>\u2019 was bought by the massively popular NFT artist called Danguiz for $35. Winkelmann had never dabbled in NFTs before, and his works aren\u2019t permitted to be resold. But Danguiz put 999 copies of The Chair for sale as NFTs, speculated to sell for a total of $1.5 million.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image alignwide size-large\"><img decoding=\"async\" width=\"1024\" height=\"576\" loading=\"lazy\" src=\"https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/valentin-winkelmann-nft-art-theft-trash-scene-1024x576.jpg\" alt=\"\" class=\"wp-image-11411\" srcset=\"https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/valentin-winkelmann-nft-art-theft-trash-scene-1024x576.jpg 1024w, https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/valentin-winkelmann-nft-art-theft-trash-scene-300x169.jpg 300w, https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/valentin-winkelmann-nft-art-theft-trash-scene-770x433.jpg 770w, https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/valentin-winkelmann-nft-art-theft-trash-scene-1536x864.jpg 1536w, https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/valentin-winkelmann-nft-art-theft-trash-scene-2048x1152.jpg 2048w, https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/valentin-winkelmann-nft-art-theft-trash-scene-293x165.jpg 293w, https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/valentin-winkelmann-nft-art-theft-trash-scene-1400x788.jpg 1400w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><noscript><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/valentin-winkelmann-nft-art-theft-trash-scene-1024x576.jpg\" alt=\"\" class=\"wp-image-11411\" srcset=\"https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/valentin-winkelmann-nft-art-theft-trash-scene-1024x576.jpg 1024w, https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/valentin-winkelmann-nft-art-theft-trash-scene-300x169.jpg 300w, https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/valentin-winkelmann-nft-art-theft-trash-scene-770x433.jpg 770w, https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/valentin-winkelmann-nft-art-theft-trash-scene-1536x864.jpg 1536w, https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/valentin-winkelmann-nft-art-theft-trash-scene-2048x1152.jpg 2048w, https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/valentin-winkelmann-nft-art-theft-trash-scene-293x165.jpg 293w, https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/valentin-winkelmann-nft-art-theft-trash-scene-1400x788.jpg 1400w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/noscript><figcaption>Winkelmann found his 3D art, that he sells for $35, being sold for $1.5 million as NFTs (Artwork: <a href=\"https:\/\/www.artstation.com\/artwork\/xJxWbR\" target=\"_blank\" rel=\"noreferrer noopener\">The Mountains of Garbage<\/a> by <a href=\"https:\/\/www.artstation.com\/valentinwinkelmann\" target=\"_blank\" rel=\"noreferrer noopener\">Valentin Winkelmann<\/a>)<\/figcaption><\/figure>\n\n\n\n<p>In the end, Winkelmann managed to gather enough support after <a href=\"https:\/\/twitter.com\/VWGAMEDEV\/status\/1519055275864514560?s=20&amp;t=wdsWkfqYQQeh_X3GcEUJng\" target=\"_blank\" rel=\"noreferrer noopener\">calling out Danguiz on Twitter<\/a> to halt his NFT sale, but Bor says these kinds of events just go on to show how wild things can get. In one particularly bizarre case, a UK art gallery that was forced to move online for selling their physical art as a result of the lockdown and rising rents, had entire collections scraped from its website and put up as NFTs.<\/p>\n\n\n\n<p>\u201cThese are physical artists \u2014 oil painters and sketchers, who aren\u2019t even in the digital space,\u201d says Bor. \u201cThey were simply working with a physical gallery that was selling their pieces online. And then they got stolen by random bots.\u201d<\/p>\n\n\n\n<p>Bots have been a major thorn for artists who\u2019ve decided to stay away from NFTs and continued to publish their work on existing digital platforms. When <a href=\"https:\/\/www.deviantart.com\" target=\"_blank\" rel=\"noreferrer noopener\">DeviantArt<\/a> \u2014&nbsp;the world\u2019s largest online art community with more than half a billion artworks \u2014 decided to monitor the blockchain for copies of its artists\u2019 works, the whole platform was attacked by bots. The company\u2019s chief operating officer <a href=\"https:\/\/www.youtube.com\/watch?v=A-X-TSFoYp4\" target=\"_blank\" rel=\"noreferrer noopener\">told TechFirst<\/a> in February that they had found 120,000 NFTs scraped off directly from their website in three months.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Due to rising rents &amp; lockdowns, many art galleries are going online to sell traditional artworks. Unfortunately, this makes them targets for NFT scammers. Like this entire NFT collection, which was scraped from an art galleries site. <a href=\"https:\/\/t.co\/14FnUnK5vb\">https:\/\/t.co\/14FnUnK5vb<\/a> Please report it. <a href=\"https:\/\/t.co\/U6AZJA9hkz\">pic.twitter.com\/U6AZJA9hkz<\/a><\/p>&mdash; NFT thefts (@NFTtheft) <a href=\"https:\/\/twitter.com\/NFTtheft\/status\/1494798026971357185?ref_src=twsrc%5Etfw\">February 18, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Dr Flick believes that all these scams have resulted in the artists being left vulnerable, and big, powerful entities swooping in to fill the power vacuum. \u201cAs much as everyone would like to think it\u2019s decentralised, it\u2019s still built on economic structures that are reliant on exploitative labour,\u201d she says.<\/p>\n\n\n\n<p>Currently, the biggest NFT collection, called the <a href=\"https:\/\/boredapeyachtclub.com\/#\/\" target=\"_blank\" rel=\"noreferrer noopener\">Bored Apes<\/a> is owned by a single company called Yuga Labs and is estimated to be valued around $2 billion. In March, Yuga Labs acquired the second biggest NFT collection, called <a href=\"https:\/\/www.larvalabs.com\/cryptopunks\" target=\"_blank\" rel=\"noreferrer noopener\">CryptoPunks<\/a>. This move has raised questions that if one entity controls the two biggest NFT collections, is the industry even as remotely decentralised as suggested?<\/p>\n\n\n\n<p>Amidst these big market acquisitions, Dr Flick says that artists are the ones who keep getting screwed. The lead artist behind the inception of the entire Bored Apes collection, Seneca, gets little credit for her efforts. In January, she <a href=\"https:\/\/www.rollingstone.com\/culture\/culture-features\/seneca-bored-ape-yacht-club-digital-art-nfts-1280341\/\" target=\"_blank\" rel=\"noreferrer noopener\">spoke to Rolling Stone<\/a> about stumbling across her art being used as Twitter profile pictures by celebrities like Stephen Curry and Eminem. They chunked out hundreds of dollars to buy her images, but the money went to Yuga Labs \u2014 not her. \u201cIt really took me some time to wrap my head around all this,\u201d she said.<\/p>\n\n\n\n<figure class=\"wp-block-image alignwide size-large\"><img decoding=\"async\" width=\"1024\" height=\"576\" loading=\"lazy\" src=\"https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/bayc_bored_ape_yacht_club_yuga_labs_nft_art_theft_opensea-1-1024x576.jpg\" alt=\"\" class=\"wp-image-11400\" srcset=\"https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/bayc_bored_ape_yacht_club_yuga_labs_nft_art_theft_opensea-1-1024x576.jpg 1024w, https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/bayc_bored_ape_yacht_club_yuga_labs_nft_art_theft_opensea-1-300x169.jpg 300w, https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/bayc_bored_ape_yacht_club_yuga_labs_nft_art_theft_opensea-1-770x433.jpg 770w, https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/bayc_bored_ape_yacht_club_yuga_labs_nft_art_theft_opensea-1-1536x864.jpg 1536w, https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/bayc_bored_ape_yacht_club_yuga_labs_nft_art_theft_opensea-1-293x165.jpg 293w, https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/bayc_bored_ape_yacht_club_yuga_labs_nft_art_theft_opensea-1-1400x788.jpg 1400w, https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/bayc_bored_ape_yacht_club_yuga_labs_nft_art_theft_opensea-1.jpg 1920w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><noscript><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/bayc_bored_ape_yacht_club_yuga_labs_nft_art_theft_opensea-1-1024x576.jpg\" alt=\"\" class=\"wp-image-11400\" srcset=\"https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/bayc_bored_ape_yacht_club_yuga_labs_nft_art_theft_opensea-1-1024x576.jpg 1024w, https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/bayc_bored_ape_yacht_club_yuga_labs_nft_art_theft_opensea-1-300x169.jpg 300w, https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/bayc_bored_ape_yacht_club_yuga_labs_nft_art_theft_opensea-1-770x433.jpg 770w, https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/bayc_bored_ape_yacht_club_yuga_labs_nft_art_theft_opensea-1-1536x864.jpg 1536w, https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/bayc_bored_ape_yacht_club_yuga_labs_nft_art_theft_opensea-1-293x165.jpg 293w, https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/bayc_bored_ape_yacht_club_yuga_labs_nft_art_theft_opensea-1-1400x788.jpg 1400w, https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/bayc_bored_ape_yacht_club_yuga_labs_nft_art_theft_opensea-1.jpg 1920w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/noscript><figcaption>Bored Ape Yacht Club (BAYC) features different images of apes and has been purchased by celebrities like Justin Bieber and Jimmy Fallon<\/figcaption><\/figure>\n\n\n\n<p>Dr Flick thinks that what we\u2019re seeing is tech colonialism \u2014 where people who have the money hire artists and use their art for making more money. \u201cThe number one NFT project of all-time is entirely built around this artist. And I\u2019m not saying they ripped her off. They paid her what they said they would. But this is just what the future is going to be, where beyond all the scams, you have investors hiring artists for as cheap as they can,\u201d she says.<\/p>\n\n\n\n<p>Bor shares a similar sentiment. He believes that with big corporations stepping into the NFT art world, artists will end up getting lost in the back pages. He says that more people are getting attracted to utility-based art, where they want some sort of return on investment, or they get to become a part of a club.<\/p>\n\n\n\n<p>\u201cNo one\u2019s buying the artists\u2019 art,\u201d he says. \u201cIf someone\u2019s buying an NFT from Ford, they\u2019re doing it because it might offer them a discount on a Ford car. Or if they\u2019re buying an NFT from Starbucks, it\u2019s because it\u2019s part of some loyalty programme. I think NFTs are going to shift in a weird way, where everyone\u2019s just trying to put money into something that will hopefully make them more money.\u201d<\/p>\n\n\n\n<figure class=\"wp-block-image alignwide size-large\"><img decoding=\"async\" width=\"1024\" height=\"576\" loading=\"lazy\" src=\"https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/mercedes_f1_ftx_nft_art-1024x576.jpg\" alt=\"\" class=\"wp-image-11409\" srcset=\"https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/mercedes_f1_ftx_nft_art-1024x576.jpg 1024w, https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/mercedes_f1_ftx_nft_art-300x169.jpg 300w, https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/mercedes_f1_ftx_nft_art-770x433.jpg 770w, https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/mercedes_f1_ftx_nft_art-1536x864.jpg 1536w, https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/mercedes_f1_ftx_nft_art-2048x1152.jpg 2048w, https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/mercedes_f1_ftx_nft_art-293x165.jpg 293w, https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/mercedes_f1_ftx_nft_art-1400x788.jpg 1400w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><noscript><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/mercedes_f1_ftx_nft_art-1024x576.jpg\" alt=\"\" class=\"wp-image-11409\" srcset=\"https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/mercedes_f1_ftx_nft_art-1024x576.jpg 1024w, https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/mercedes_f1_ftx_nft_art-300x169.jpg 300w, https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/mercedes_f1_ftx_nft_art-770x433.jpg 770w, https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/mercedes_f1_ftx_nft_art-1536x864.jpg 1536w, https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/mercedes_f1_ftx_nft_art-2048x1152.jpg 2048w, https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/mercedes_f1_ftx_nft_art-293x165.jpg 293w, https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/mercedes_f1_ftx_nft_art-1400x788.jpg 1400w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/noscript><figcaption>Recently, Mercedes partnered with a cryptocurrency firm to release an NFT of its 2022 F1 car<\/figcaption><\/figure>\n\n\n\n<p>The downward trend has already began. Sales of NFTs dropped by 92 percent in the first week of May \u2014 to a daily average of 19,000 from a peak of about 225,000 in September, <a href=\"https:\/\/www.wsj.com\/articles\/nft-sales-are-flatlining-11651552616\" target=\"_blank\" rel=\"noreferrer noopener\">according to The Wall Street Journal<\/a>. This spells even more trouble for artists when you consider the fact that 75 percent of objects sell for less than $15, as shown in a <a href=\"https:\/\/www.turing.ac.uk\/blog\/non-fungible-tokens-can-we-predict-price-theyll-sell\" target=\"_blank\" rel=\"noreferrer noopener\">report by The Alan Turing Institute<\/a> last year.<\/p>\n\n\n\n<p>This could be the early signs of the NFT bubble deflating, if not bursting. \u201cLast year, all you could hear was how this is fixing everything, but in the end, most artists are not making money,\u201d says Bor. \u201cIt\u2019s a really unsafe space, so what I\u2019m thinking the future is, it\u2019s just people are going to quietly stop talking about it. They\u2019re quietly going to lose interest.\u201d<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1149\" height=\"2560\" loading=\"lazy\" src=\"https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/how_to_deal_with_nft_theft_report_plagiarism_opensea_deviantart.jpg\" alt=\"\" class=\"wp-image-11397\" srcset=\"https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/how_to_deal_with_nft_theft_report_plagiarism_opensea_deviantart.jpg 1149w, https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/how_to_deal_with_nft_theft_report_plagiarism_opensea_deviantart-135x300.jpg 135w, https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/how_to_deal_with_nft_theft_report_plagiarism_opensea_deviantart-460x1024.jpg 460w, https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/how_to_deal_with_nft_theft_report_plagiarism_opensea_deviantart-770x1715.jpg 770w, https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/how_to_deal_with_nft_theft_report_plagiarism_opensea_deviantart-690x1536.jpg 690w, https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/how_to_deal_with_nft_theft_report_plagiarism_opensea_deviantart-919x2048.jpg 919w, https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/how_to_deal_with_nft_theft_report_plagiarism_opensea_deviantart-293x653.jpg 293w\" sizes=\"auto, (max-width: 1149px) 100vw, 1149px\" \/><noscript><img decoding=\"async\" width=\"1149\" height=\"2560\" src=\"https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/how_to_deal_with_nft_theft_report_plagiarism_opensea_deviantart.jpg\" alt=\"\" class=\"wp-image-11397\" srcset=\"https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/how_to_deal_with_nft_theft_report_plagiarism_opensea_deviantart.jpg 1149w, https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/how_to_deal_with_nft_theft_report_plagiarism_opensea_deviantart-135x300.jpg 135w, https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/how_to_deal_with_nft_theft_report_plagiarism_opensea_deviantart-460x1024.jpg 460w, https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/how_to_deal_with_nft_theft_report_plagiarism_opensea_deviantart-770x1715.jpg 770w, https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/how_to_deal_with_nft_theft_report_plagiarism_opensea_deviantart-690x1536.jpg 690w, https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/how_to_deal_with_nft_theft_report_plagiarism_opensea_deviantart-919x2048.jpg 919w, https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/how_to_deal_with_nft_theft_report_plagiarism_opensea_deviantart-293x653.jpg 293w\" sizes=\"(max-width: 1149px) 100vw, 1149px\" \/><\/noscript><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>NFTs were supposed to make it easier for artists to have control over their work. But with countless accounts of scams, plagiarism and unfair treatment, has it done more harm than good?<\/p>\n","protected":false},"author":801,"featured_media":11251,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11148","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorised"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>&quot;A really unsafe space&quot;: Are artists the victims in the wild west of the NFT world? - Life360<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cardiffjournalism.co.uk\/life360\/a-really-unsafe-space-are-artists-the-victims-in-the-wild-west-of-the-nft-world\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"&quot;A really unsafe space&quot;: Are artists the victims in the wild west of the NFT world? - Life360\" \/>\n<meta property=\"og:description\" content=\"NFTs were supposed to make it easier for artists to have control over their work. But with countless accounts of scams, plagiarism and unfair treatment, has it done more harm than good?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cardiffjournalism.co.uk\/life360\/a-really-unsafe-space-are-artists-the-victims-in-the-wild-west-of-the-nft-world\/\" \/>\n<meta property=\"og:site_name\" content=\"Life360\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-16T06:45:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-15T16:16:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cardiffjournalism.co.uk\/life360\/wp-content\/uploads\/sites\/8\/2022\/05\/NFT_artists_victims_theft_scam_plagiarism_wild_west.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1440\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adwitiya Pal\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@adwipal\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Adwitiya Pal\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"9 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cardiffjournalism.co.uk\/life360\/a-really-unsafe-space-are-artists-the-victims-in-the-wild-west-of-the-nft-world\/\",\"url\":\"https:\/\/cardiffjournalism.co.uk\/life360\/a-really-unsafe-space-are-artists-the-victims-in-the-wild-west-of-the-nft-world\/\",\"name\":\"\\\"A really unsafe space\\\": Are artists the victims in the wild west of the NFT world? 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