Warning: unlink(/tmp/jnewslibrary-8snAVp.tmp): No such file or directory in /home/customer/www/coinparative.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 142
aggrieved Art Wars NFT investors speak out over dispute | Coinparative
Coinparative

  • News
    • Crypto News
    • Blockchain News
    • Altcoin News
    • Press Release
    • NFT News
    • Metaverse
    • Web3.0 News
    • Trending
  • Insights
    • Explainer
    • Research
  • Guides
  • Market
    • Market analysis
    • Market News
    • Reviews
    • Price Index
  • Videos 🚀
No Result
View All Result
  • About Us
  • Contact
  • jeet-detector-bot
    JDB(JDB)
    $0.00-0.61%
  • bitcoin
    Bitcoin(BTC)
    $0.00-0.02%
  • ethereum
    Ethereum(ETH)
    $0.000.640%
  • usdex-stablecoin
    USDEX(USDEX)
    $0.00-0.53%
  • tether
    Tether(USDT)
    $0.00-0.20%
  • usd-coin
    USD Coin(USDC)
    $0.00-0.01%
  • binancecoin
    BNB(BNB)
    $0.000.920%
  • ripple
    XRP(XRP)
    $0.000.990%
  • binance-usd
    Binance USD(BUSD)
    $0.00-0.08%
  • cardano
    Cardano(ADA)
    $0.001.97%
  • dogecoin
    Dogecoin(DOGE)
    $0.007.11%
  • matic-network
    Polygon(MATIC)
    $0.00-0.02%
  • okb
    OKB(OKB)
    $0.00-0.05%
  • solana
    Solana(SOL)
    $0.00-0.12%
  • staked-ether
    Lido Staked Ether(STETH)
    $0.000.380%
  • polkadot
    Polkadot(DOT)
    $0.00-0.01%
  • shiba-inu
    Shiba Inu(SHIB)
    $0.001.57%
  • litecoin
    Litecoin(LTC)
    $0.002.45%
  • avalanche-2
    Avalanche(AVAX)
    $0.00-3.17%
  • tron
    TRON(TRX)
    $0.00-1.04%
View All
Coinparative
Home NFT News

aggrieved Art Wars NFT investors speak out over dispute

April 2, 2022
in NFT News
250 2
A A
0
aggrieved Art Wars NFT investors speak out over dispute
Share on FacebookShare on Twitter

Aggrieved owners of NFTs from the online project, Art Wars, which is the centre of an ongoing dispute, are speaking out—as the art market continues to get to grips with the realities of digital ownership.

The project was launched last year by the London-based artist and curator Ben Moore and the US-based developers, DeFi Network, but soon attracted headlines when some of high-profile artists responsible for the tokens in the collection that had a physical counterpart (including Jake & Dinos Chapman, Anish Kapoor and Damien Hirst) argued that their permission had not been sought for the NFTs. Ownership rights were also questioned.

With no resolution in sight, investors and community members in the project are now pushing for answers as to the leadership of the project and the next steps for their current situation.

“We hold NFTs with no value and no future perspective,” says Mikk Roben, a regular NFT collector who bought two of the Stormtrooper helmets from the project, for a combined total of around 2.9ETH (around $10,400 at the time of sale). He explains how the project being backed by a “known” curator had contributed to his trust in the collection and the feeling that it was a “real art project”, rather than “some meme picture”. Another NFT owner wrote on Discord how he had put all his ETH into the project.

The 1,138 NFTs have now been de-listed from OpenSea, although community members have moved the project to an alternative platform, Looksrare, where it is hoped it can take on a new direction.

Once news of the artists’ challenge over the ownership began to come out, the curator apologised on Discord (a communication platform regularly used to discuss NFT projects) and hosted question and answer sessions to deal with concerns.

“We did raise £30,000 for the Missing People Charity and I have tried really hard to resolve things with everyone who has had an issue, but everything takes longer than you expect and I received some really aggressive messages,” says Ben Moore.

He adds: “I was seen to be the spokesperson for the NFT team but as [I] sought to explain, I represent the physical Art Wars projects. I don’t have any authority to release confidential information about the NFT project.”

The lawyer representing the artists in the dispute was unable to comment.

While many have little sympathy for those investing in a market fundamentally built on its lack of regulation and decentralisation, there is growing recognition that buyers are at risk and are pushing for clarity.

Last week, owners of NFTs which are now embroiled in a US money laundering investigation into more than $4.5bn crypto assets, headed up by musician Heather Morgan (aka Razzlekhan), called on the US’s Department of Justice and OpenSea to refund them for the seized assets, according to reports by BuzzFeed News.

Source: The Art News Paper

Share196Tweet123Share34Pin44ShareSend

Related Articles

Axie Wraps up Homeland Season 0
NFT News

Axie Wraps up Homeland Season 0

January 31, 2023
1.4k
SORARE Partners with Premier League | NFT CULTURE | Web3 Culture NFTs & Crypto Art
NFT News

SORARE Partners with Premier League | NFT CULTURE | Web3 Culture NFTs & Crypto Art

January 31, 2023
1.4k
Gala Games 2023 Roadmap – Play to Earn
NFT News

Gala Games 2023 Roadmap – Play to Earn

January 31, 2023
1.4k
The NFT Community Reacts to the Rise of Open Editions
NFT News

The NFT Community Reacts to the Rise of Open Editions

January 31, 2023
1.4k
ETHBoy 4th Edition By Trevor Jones | NFT CULTURE | Web3 Culture NFTs & Crypto Art
NFT News

ETHBoy 4th Edition By Trevor Jones | NFT CULTURE | Web3 Culture NFTs & Crypto Art

January 31, 2023
1.4k
NFT Film Calladita Wins At Sundance | NFT CULTURE | Web3 Culture NFTs & Crypto Art
NFT News

NFT Film Calladita Wins At Sundance | NFT CULTURE | Web3 Culture NFTs & Crypto Art

January 31, 2023
1.4k
Load More

Discussion about this post

Coinparative

2022 © All Rights Reserved.

Coinparative specializes in the digital News and research on cryptocurrency, Digital Assets and Blockchain

  • Advertise
  • Privacy Policy
  • Terms
  • About Us
  • Contact

Follow Us

No Result
View All Result
  • News
    • Crypto News
    • Blockchain News
    • Altcoin News
    • Press Release
    • NFT News
    • Metaverse
    • Web3.0 News
    • Trending
  • Insights
    • Explainer
    • Research
  • Guides
  • Market
    • Market analysis
    • Market News
    • Reviews
    • Price Index
  • Videos 🚀

2022 © All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
DON’T MISS OUT!
Subscribe To Newsletter
Be the first to get latest updates and exclusive content straight to your email inbox.
Stay Updated
Give it a try, you can unsubscribe anytime.
close-link
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

Warning: unlink(/tmp/jnewsfirstload-0q2MDC.tmp): No such file or directory in /home/customer/www/coinparative.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 142