Ex-Disney CEO worries about NFT copyright infringement

Opportunities for the Non-Fungible NFT Token Sector

Former president and CEO of The Walt Disney Company, Robert Iger, on the Sway podcast, assessed the possibilities of the non-fungible token (NFT) sector and raised the topic of copyright infringement.

“Our generation forgets that things don’t have to be physical. They can be digital and meaningful to people. And as long as this value is essentially grounded in the blockchain, I think you will see an explosion of things created, sold, collected in the NFT,” said Iger.

The company previously partnered with platform Veve to launch NFTs featuring popular Disney characters. Noting the potential for non-fungible tokens, Iger raised concerns about copyright infringement in the sector.

“I went to a platform called OpenSea […] and was blown away by all the Disney stuff on it […]. Most of them are not created by people who had the right to do so,” said the former president of the company.

In the spring of 2021, former DC comics writer Jose Delbo, together with crypto artists Hackatao, earned $1.85 million selling NFTs with the superhero Wonder Woman.

Comic book artist Neil Adams did not stand aside either – he released his own series of NFTs.

Later, DC Comics Senior Vice President of Legal Affairs Jay Cogan sent letters to the artists of the publishing house demanding that they stop selling non-fungible tokens.

In September, publishers Marvel Comics and DC Comics banned comic book authors from selling their work as NFTs.

Recall that the Miramax film studio accused Quentin Tarantino of unfair competition, breach of contract and copyright after his announcement of an NFT auction based on Pulp Fiction.

In January 2022, the filmmaker sold the first non-fungible token from the collection for $1.1 million.

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