Chinese Marketplace BigVerse Found Guilty of Minting NFTs From Stolen Artwork

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Chinese Marketplace BigVerse Found Guilty of Minting NFTs From Stolen Artwork
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Hangzhou court held BigVerse accountable for letting a user mint NFTs from stolen artwork.

A court in China’s eastern city of Hangzhou held NFTCN’s parent company, BigVerse, accountable for allowing a user to mint NFTs from stolen artwork.

The lawsuit against BigVerse was filed by Shenzhen-based company, Qice. The plaintiff stated that a user at the NFTCN marketplace listed a non-fungible token with an artwork featuring a cartoon tiger receiving a vaccine shot created by artist Ma Qianli. The cartoon picture was sold by an anonymous user for $137, the report said.

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