Music piracy on NFT becomes a headache for recording companies – Tecnoblog

Another day, and more problems with NFTs. This time, a non-fungible token music is called HitPiece has been removed by the Information Industry Association of America (RIAA) for the creation and sale of digital instruments of music and album art by artists from around the world. without permission. The record quickly paid attention to the growing issue of crime in Web 3.0.

Pirated Objects (Photo: Peter Dutton / Flickr)
Piracy (Photo: Peter Dutton / Flickr)

Last week, the RIAA attacked the platform as well send the order announcement to HitPiece. American organizations often fight against piracy in the music environment. Now, it looks like they need to keep their eyes peeled when it comes to blockchain projects, metaverse, and infamous NFTs.

The website uses the names of artists from around the world, their songs and even album art. At first glance, everything suggests that NTFs being sold on HitPiece was the result of a legitimate collaboration with musicians. Many celebrities have been on the tokens, including Taylor Swift, piv. Of course, it has nothing to do with digital assets.

Taylor Swift’s NFTs Sold on HitPiece (Image: Playback / TorrentFreak)

HitPiece Founders Face accused

In a letter sent by the RIAA, the agency described HitPiece as “an infamous (and now offline) NFT scam site.” As much as the platform has been topped, it the founders were also the target of accusations of intellectual property infringement of music creators.

The RIAA requires them to provide a comprehensive list of activities carried out on the site and the company’s overall finances, including the proceeds from the sale of pirated NFTs.

“As music lovers and artists embrace new technologies such as NFTs, there is always someone looking to tap into their passion and energy. that fans are being deceived and deceived by these unauthorized NFTs and there is a huge risk to fans and actors represented by HitPiece and potential actors things, it is clear we must act promptly and expeditiously to promote fairness and justice in the market. “

Mitch Glazier, president and CEO of RIAA, in a statement.

Legal guru Ken Doroshow added that HitPiece deliberately led fans to believe they “bought an NFT to really interfere with the artist and their work when that was not the case.” . ” He also said the measures were necessary to “justify the devastation that HitPiece and its staff had accomplished and that ensure that this site or artists do not easily resume their scams under another name

Non-fungible tokens, or NFTs (Photo: Marco Verch / Flickr)
Non-fungible tokens, or NFTs (Photo: Marco Verch / Flickr)

However, it looks like the show with HitPiece is just that information on the ice of the growing problem associated with NFTs and piracy in the music industry. The issue has become a widespread concern for the market, as many new ventures have emerged specifically for battle tokens that violate the law of intelligence.

A good example is an Italian company Protection of Digital Content (DcP), which works for consumers such as Universal Music, Warner Music and Sony Music. The company has announced new removal services specifically for NTFs and applications related to Web 3.0 and metaverse.

In an interview TorrentFreakDcP CEO Luca Vespignani explains:

“In fact, we scan Web 3.0 resources such as the NFT industry, virtual reality platforms, and gaming platforms for malicious NFTs, scammers, and malicious users.”

According to the leader, the new technology is rapidly improving and the financial viability of the stake is improving. The company’s new anti-piracy services are coming true for a reason growing demand to protect legal and business interests During the chaotic times of Web 3.0 implementation.

With the file: TorrentFreak

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