Digital artist Neitherconfirm replaces images tied to sold NFTs

Digital artist Neitherconfirm replaced artworks tied to non-fungible tokens (NFTs) with carpet images. The artist had previously sold them on the OpenSea platform.

I just pulled the rug at my NFT collection on @opensea . Nobody got hurt.
It is pretty easy to change the jpg, even if it does not belong to me or it is on auction. I am the artist, my decision, right?
A thread from somebody making his living with art irl about the value of NFTs. pic.twitter.com/LNAZqPpDMZ

— neitherconfirm (@neitherconfirm) March 9, 2021

Carpet images — a metaphor for an exit scam. By design, when a little-known token unexpectedly loses liquidity, he pulls the rug out from under investors.

“All discussions about the value of NFTs are meaningless until the token becomes inseparable from the artwork itself,” said Neitherconfirm.

According to the artist, he easily altered images that he did not even own.

In March, Twitter founder Jack Dorsey listed for sale his first tweet as an NFT. At the time of writing, the top bid had reached $2.5 million. Dorsey pledged to donate the proceeds to charity.

Earlier, an NFT copy of Banksy’s burned painting titled “Morons” went under the hammer for 228.69 ETH. Former DC Comics artist José Delbo earned $1.85 million from selling non-fungible tokens featuring Wonder Woman.

As reported, the monthly turnover of NFT marketplaces neared $500 million.

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