Minting NFTs of your artworks can be a costly scam, if you are not aware
By Ken Magri
“Never drive a hard bargain with an artist.” -Ludwig van Beethoven
Scams are never a good thing, but they are even worse when they go after visual artists who seek nothing more than to bring some beauty into our world. This year, there has been a flurry of different crypto currency scams involving artists and Non-fungible tokens (NFTs).
Last February, a fake Banksy artwork sold as an NFT for one million dollars worth of Ethereum on the marketplace website Rarible. The scammers even claimed that 5% of sales would be donated to charities. In April, a Brooklyn artist saw several of his digital artworks illegally listed on Rarible and had them taken down before the plagiarist could pocket any sales.
A popular Japanese anime artist named Qinni died last year, but had her identity posthumously stolen by scammers who then sold NFTs of her art on the website Twinci. Another…