Send us a textTo learn more: 18 April 2023 UK Parliament's Digital, Culture, Media and Sport Committee regarding NFTs and the blockchain, Emily Gould's correspondence following the hearing on several issues touched on by the Committee; and NFT-related posts on the IAL Blog.Show Notes:1:15 Beeple sold ”Everydays — The First 5000 Days” for $69 million2:45 The Art Basel and UBS Global Art Market Report 3:00 current global art market valued at 67.8 billion3:15 current art-related NFTs valued at $1.5 billion3:50 collectibles-related NFTs valued at 11.8 billion5:00 Parliamentary committee 5:50 NFT life cycle6:40 NFT defined10:50 Distributed Ledger Technology12:20 Ethereum 14:20 Web 1-315:50 Metaverse 16:50 holograms17:35 stakeholders22:50 resale royalty right24:00 NFTs taken off chain will break royalty under smart contract27:15 Flipkick - NFT authentication service 27:25 Artclear - NFT authentication service 28:00 blockchain and provenance30:40 fractional ownership31:40 DAOs 32:40 fractional.art 32:55 Artsect Gallery34:50 Copyright infringement 37:00 licensing 37:40 Injective Protocol purchased/burnt Banksy's Morons (White)38:50 Daystorm posted NFT of Basquiat for sale along with IP rights39:30 TM infringement - MetaBirkin NFTs40:30 commercial risks 41:00 NFT platform liability and disclaimers42:00 EU copyright directive 42:25 Soleymani v. Nifty Gateway44:10 UK consumer rights act protection for Soleymani 44:30 illicit activity - theft of NFTs or unauthorized minting of NFTs44:45 ex-OpenSea employee convicted of fraud/money laundering 45:15 Osbourne v Opensea & Tulip Trading Limited v Bitcoin45:30 property status of NFTs 46:00 money laundering46:25 financial risks48:00 tax & estate planning48:15 environmental concerns50:00 Whitworth Gallery’s Ancient of Days 51:10 Vacant-To-Visual Program 52:40 Hirst’s Currency project 54:05 Alan Robertshaw54:30 Currency project results slightly favored physical works over NFT55:45 Hirst’s The Beautiful Paintings project 56:35 international body 57:20 Robershaw 58:40 conflict between smart contracts and natural term licensing1:00:30 Robertshaw 1:01:10 transaction time1:02:20 "trustless" system actually requires trustPlease share your comments and/or questions at [email protected] by Toulme.To hear more episodes, please visit Warfare of Art and Law podcast's website.To leave questions or comments about this or other episodes of the podcast and/or for information about joining the 2ND Saturday discussion on art, culture and justice, please message me at [email protected]. Thanks so much for listening!© Stephanie Drawdy [2025]

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