Chinese court rules marketplace guilty of minting NFTs from stolen artwork

Chinese court rules marketplace guilty of minting NFTs from stolen artwork

A user of the NFT marketplace NFTCN allegedly poached a creation of an artist and sold it as an NFT for $137 to another user. A court in the Chinese city of Hangzhou ruled a one-of-a-kind judgment against a nonfungible token (NFT) marketplace for allowing a user to create (or mint) NFTs of stolen artwork.As reported by South China Morning Post, the court verdict toward the NFT marketplace was made after Shenzhen-based company Qice filed a lawsuit against NFTCN’s parent company, BigVerse.The lawsuit claimed that an NFTCN user stole a copyrighted artwork of Ma Qianli, a Chinese artist....


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