TL; DR fault
- His Blockchain gets a lot of backlash after the Cipher Punk NFT release.
- Twitter Backlash makes a group shutdown of NFT sales.
The reaction on Twitter that followed the publication of the Cipher Punk NFT collection by ItsBlockchain led to the group completely shutting down the collection and return of funds invested in the collection.
ItsBlockchain released the Cipher Punk NFT collection on Christmas, which included portraits of 46 different figures, all worth approximately $ 4,000. However, the infoseca community began to raise objections – including some of the portrait subjects themselves after the publication of the NFT.
Why the launch of Cipher Punk NFT failed
By group, pointed out that many Cypher Punks do not like the idea of using their images as NFT and digital drawings. It was the beginning of their downfall.
Their portrait paintings also misspelled several names – including EFF speech activist Jillian York and OpenPGP creator Jon Callas – and based at least one drawing on a copyrighted photograph.
Also, the list included some people who were excommunicated for harmful personal behavior, including Jacob Appelbaum and Richard Stallman, making it completely reprehensible.
In her reaction to her digital portrait, Jillian York tweeted, “I don’t approve of this at all and I’d like it removed.” She joked that she never expected to become NFT so quickly.
Sharp criticism led the group to abruptly suspend the auction.
The group finally apologized to all stakeholders, noting that they could have done better.
“Once again, we want to apologize to everyone involved. We could have done better. And we will from next time. That’s a promise.
The mess is a reminder of potentially thorny legal issues surrounding NFT, in which illicit innovation often clashes with similarity rights and intellectual property law.
U.S. publicity rights laws hold that a person’s name and identity cannot be used for promotion without his or her consent – although it is unclear how such a lawsuit would work in practice if applied to NFT.