NFT Review #8: NFT Movies and OpenSea Takedowns

New NFT movie franchise, Larva Labs issue DMCA against CryptoPhunks, Axie Infinity generates $1m in 24hrs, and Messari release Q2 2021 NFT report.

NFT Review is a weekly newsletter covering NFTs in the Web3 ecosystem on Polkadot’s side of the woods. The newsletter is put together by Bruno Škvorc and gbaci.

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Looking for a primer on NFTs? This should be the last introduction you’ll ever need.

Dear NFT enthusiast,

It was another exciting week in NFT land. NFT sales volume crossed $2.5 billion year-to-date. But this isn’t what got our imaginations whirring.

Larva Labs, the creators of CryptoPunks, issued a Digital Millennium Copyright Act (DMCA) takedown notice to OpenSea to delist CryptoPhunks.

To date, OpenSea has listed and delisted CryptoPhunks on three occasions. This raises questions about copyright protection, artistic authenticity, and the technological limits of NFTs. It’s a conversation the Crypto community needs to have before moving forward. If not, we are bound to see more of this in the future.

Every week or so, a new derivative NFT collection is released. What happens in a world of derivative NFTs and (un)enforced IP rights?

This crosses over to the rest of Crypto. Permissionless breeds abuse. If the code is available for everyone to see, it is inevitable that entire projects will be ‘copied’ and rebranded with a new name and logo. This prompted Uniswap to insert a “business source license” into their V3 Whitepaper that acts as a time delay against would-be copycats.

It’s interesting to see how the relationship between the CryptoPunks-CryptoPhunks-OpenSea threesome will unfold.

Until then, we keep building. Read on for more interesting news, like the first decentralized NFT franchise; a Hollywood movie starring Anthony Hopkins to premiere on an NFT movie platform; the Walking Dead making their metaverse debut.

Thank you for reading and have a great week.

— NFT Review

👨🏼‍🎨  RMRK Artist Spotlight: 😟

*in Arnold Swazneggar’s voice*

We will be back….next week.

📬 NFT News from Kusama & Polkadot

  • Parity and Friends hosted a crowdcast around NFTs, with talks by Web3’s Qinwen Wang and Eliott Teissonniere of Ternoa.

  • RMRK has been invited to speak at the fourth Ethereum Community Conference holding 20-22 July 2021.

🗞 NFT News from Ethereum and Beyond

  • Artist Micah Johnson is auctioning a new character in “Hi My Name is…” — the 1st decentralized movie NFT franchise — via Async Art and Christie’s.

  • The Institute of Contemporary Art Miami received CryptoPunk #5293 as a donation from one of its trustees. This makes the institution the first major museum collection to own a Punk.

  • nftommo.eth built a beta site that tracks floor prices across popular NFT marketplace OpenSea.

That’s all for this week, see you in the next edition! Got some links to share with us, artists to feature, NFTs to sell, jobs to promote, or events to popularize? Get in touch with Bruno or gbaci!