The popularity of NFTs in this industry is no secret, but the NFT game is still in its early stages. That means people are susceptible to scams no matter how much you know. Instances like this are no joke, and our partners agree. To help you out we’ve come up with some steps to protect yourself. Here’s what you need to know…
How To Protect Yourself From NFT Scammers as an Artist
Let’s break it down…
NFTs, aka non-fungible tokens, are unique digital assets that are not interchangeable.
While often associated with digital artwork and collectible items, an NFT can contain a link to images, music, videos, memes, documents, or any other file that can be stored digitally.
In addition, NFTs are recorded on digital ledgers called blockchains, allowing digital purchase transactions to be made by tokens, similar to cryptocurrency.
How can you protect yourself?
Registering your copyright with the U.S. Copyright Office is one of the most critical forms of legal protection you can take against infringement and misuse of your work.
Registration gives you the proof that you are the rightful owner of that underlying copyright and allows you to go after incidents of NFT theft and pursue legal action when it happens.
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Why now?
In March 2019, the Supreme Court made registration a mandatory requirement before filing a lawsuit. If you don’t register before your content is misused or stolen, you may be leaving serious money on the table (up to $150,000 per infringement PLUS your legal fees).
There is no substitute for registering with the U.S. Copyright Office. — Other types of registrations, recording it on blockchain, or mailing your music to yourself do not provide you with the same rights or benefits.
Register your copyrights with the US Copyright Office!
Don’t wait to start protecting yourself!
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