The recent listing of non-fungible tokens (NFTs) on the Gamestop marketplace has become the center of controversy in the NFT world. The listing sparked a community outcry that prompted the market to take action throughout the day, showing how the community can come together to fix the bug.
The NFT in question, titled Falling Man, showed a man in a space suit falling down. The NFT in question was very similar to the infamous 9/11 photo of a man falling to his death, which has since become the defining moment of deadly attacks. Many believed that the NFT mimicked the 9/11 victim and also infringed the copyright of the image, taken by original photojournalist Richard Drew.
In another thread on the stock memes subreddit GME_Meltdownthe user indicated that the figure in NFT is a rendering of an existing 3D model of a Russian flight suit by an independent artist that was used without permission from the original artist.
The GameStop team eventually shut down NFT and even banned the art creator from minting coins on the platform.
Gamestop got rid of nft and, fortunately, deprived the creators of the ability to mint. pic.twitter.com/tJpcmXqkJz
— Traunbeline (@AltStacie) July 23, 2022
The crypto community has required Gamestop to conduct a thorough review before approving any art form on its marketplace where one user wrote:
“Still not enough, how do you even allow this, it’s disgusting, there should be a review team that looks into every NFT for crap like this or stolen art.”
GameStop did not respond to Cryptooshala’s request for comment at press time.
While GameStop has faced backlash from the community, the incident has opened a Pandora’s box of evidence highlighting how NFTs have become a way for many to make a quick buck at the cost of ordinary human decency.
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OpenSea, one of the most popular NFT marketplaces today, has “falling man”as the NFT has been up for sale for almost two months.
Falling Man NFT was aware @the open sea two months plus. Stupid people try to shame @GameStopNFT for what was removed in a day! speaking #GameStopNFT need to control content better They are already the best!!! Go FUD elsewhere! https://t.co/DQNLRE6xd2 #GME pic.twitter.com/qQ8kIBvXWI
— VanGuardianVI (@VanGuardianVI) July 24, 2022
Another revelation came earlier in January of this year when a doctor tried sale X-ray of a victim of the 2015 Paris bombing, in the form of an NFT. Currently, the doctor faces legal and disciplinary liability.
The NFT mania began at the height of the bull market in March 2021 after digital artist Beeple’s NFT art netted a whopping $69.3 million. Since then, NFT has become a buzzword and all other brands and celebrities have been involved in this phenomenon.
With the rise in popularity, the ecosystem has also been targeted by scammers, leading to an increase in copyright infringement and fake NFT sales. However, the crypto community has always come together to show the strength of the people. One such case occurred in May of this year when the Solana community came together to “trick” a scammer to get back stolen NFTs.
Credit : cointelegraph.com