Chinese court rules marketplace guilty of minting NFTs from stolen artwork
A court in the Chinese city of Hangzhou ruled a one-of-a-kind judgment against a nonfungible token marketplace for allowing a user to create NFTs of stolen artwork.
Based on the evidence collected, the court found the NFTCN platform guilty of not checking for forgery or intellectual property theft prior to allowing users to mint NFTs. As a result, NFTCN was charged for facilitating the infringement of the owner's "Right to disseminate works through information networks". While China has refrained from imposing a blanket ban on NFTs despite going strong against crypto, three Chinese authorities jointly issued a public warning about the "Hidden risks".
Source
t.me/Nfts_Daily
