‘Huge mess of theft and fraud:’ artists sound alarm as NFT crime proliferates

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‘Huge mess of theft and fraud:’ artists sound alarm as NFT crime proliferates

The digital marketplace for NFTs grew to an estimated $22bn last year but companies face challenges monitoring stolen art

When Lois van Baarle, a Dutch artist, scoured the biggest NFT marketplace for her name late last year, she found more than 100 pieces of her art for sale. None of them had been put up by her.

Van Baarle is a popular digital artist, with millions of followers on social media. She’s one of a growing number of artists who have had online images of their art stolen, minted as unique digital assets on a blockchain, and offered up to trade in cryptocurrency on the NFT platform OpenSea.

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