NFTs

NFT Marketplace and DAO Partnership Shows Power and Complexities of DAOs in the Art World

By John Cahill on August 29, 2022

Posted in Corporate Governance, Crypto, DAOs, Intellectual Property, NFTs

Online non-fungible token (NFT) marketplace OpenSea recently collaborated with a popular decentralized autonomous organization (DAO), Friends with Benefits (FWB). As part of the project, OpenSea commissioned ten contemporary artists, who are members of the DAO, to create “phygital” (i.e., physical and digital) artworks that were featured on the marketplace’s homepage. The artworks were displayed both online and in real life at a FWB festival and conference in mid-August 2022.
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Hackers Go Phishing in Beeple’s Deep Pool of Twitter Followers

By Jana Farmer & Meenka Maharaj on June 8, 2022

Posted in Antiquities, Art Law, Intellectual Property, Museums, NFTs, Sculptures

“Stay safe out there, anything too good to be true is a … scam.” Beeple, a popular digital artist, tweeted to his followers, addressing the phishing scam that took place on May 23, 2022, targeting his Twitter account. The attack reportedly resulted in a loss of more than US$400,000 in cryptocurrency and NFTs, stolen from the artist’s followers on the social media website.

After hacking into Beeple’s Twitter account, perpetrators tweeted links from the artist’s page, promoting a fake raffle for unique art pieces. The links would reportedly take the user to a website that would drain the user’s cryptocurrency wallet of their digital assets. …
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Jana FarmerPartner

Jana Farmer represents client interests in connection with matters involving copyright; sale and transfer of rights in artworks; protection of valuable creative assets; and general…

Jana Farmer represents client interests in connection with matters involving copyright; sale and transfer of rights in artworks; protection of valuable creative assets; and general commercial disputes and transactional matters. Jana provides reliable legal counsel to virtually all participants in the creation, licensing, sale, lending, gifting, merchandising and display of art. She is a member of the Board of Advisors for the Center for Art Law and an active member of the New York State Bar Association’s Entertainment Arts and Sports Section and its Fine Art Committee.

From updates on current litigation to art world happenings to emerging legislation affecting art and cultural heritage, Wilson Elser’s Art Law Perspectives blog features summaries of recent news reports on art law and art markets. As we introduce and offer commentary on related issues we invite our readers to enter into a dialogue with us, creating more balanced, roust and thought-provoking analyses.

When the art world makes headlines, it becomes clear just how important the field is to all of us, as evidenced by the National Law Review’s recognition of our blog through its editor, Jana Farmer, as a 2019 Go-To Thought Leader.

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NFTs

NFT Marketplace and DAO Partnership Shows Power and Complexities of DAOs in the Art World

Hackers Go Phishing in Beeple’s Deep Pool of Twitter Followers

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