A court in Hangzhou, Zhejiang province, China, has ruled in favour of a copyright infringement claim against BigVerse, the operator of the NFT platform NFTCN. The ruling was reported by SCMP.
The plaintiff, Qice, contends that one of the platform’s users stole the artist Ma Qianli’s work. An unknown person minted an NFT and sold it for 899 yuan ($137 at the time of writing).
NFTCN platform was found liable for “aiding the infringement of intellectual property rights.” In the court’s view, the company did not verify whether the user was indeed the author of the work.
BigVerse must pay Qice 4,000 yuan ($610) in damages and halt the distribution of the NFT. The report indicates that the token would be burned.
Back in late 2021, Chinese authorities warned, that NFTs and metaverses could be bubbles, Ponzi schemes or other forms of financial fraud.
Subsequently, it emerged that on the state-backed blockchain platform BSN infrastructure would be deployed to support NFTs not tied to cryptocurrencies.
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