NFT collections developer names the biggest problem with non-fungible tokens

Photographer Jan Erik Weider, who is developing non-fungible tokens based on his work, said that one of the biggest problems with NFTs is copyright infringement. Weider told this to the journalists of Cointelegraph.

«In fact, we, photographers, give up our own rights to NFT images by selling them. Often, non-fungible tokens are used by fraudsters: they resell our works at a much lower price, thus devaluing them,» explained Weider.

Photographer Jan Erik Weider and his NFT works.

«Centralized sales platforms such as OpenSea fight against copyright infringement, but it is impossible to control all users on all exchanges,» the photographer added. Indeed, the NFT platform OpenSea has begun to fight fraudsters. The platform automatically hides suspicious NFTs and cooperates with copyright holders to create models for detecting stolen images.

The photographer also emphasized that it is always difficult to predict which audience will want to buy a new collection of non-fungible tokens: «For an old-school photographer, this is a completely new market with new rules. People who buy NFTs will not go to an art gallery to buy a painting. You never know who will be interested in new tokens.»

However, despite the relative novelty of the NFT environment, even Hollywood «old-timers» are creating their own collections of non-fungible tokens to attract the attention of a new audience. Thus, actor Bill Murray announced plans to launch an NFT collection about his life and career and create his own Discord server.