Is the sale of music NFT legal? Here is the answer

In the past days, copyright came to the fore after the Nike brand sued a company for the unauthorized sale of NFT. So how is the situation in the music industry? His reply was not delayed.

Is the sale of music NFT prohibited?

Even platforms such as Spotify and Apple Music, which pay huge amounts for royalties, could not satisfy artists or representative organizations, and the introduction of the NFT concept further complicated things.

HitPiece platform, which started to sell important moments of musical pieces as NFT in the past weeks, was closed after a short time after the reactions of many artists on social media. Although the platform states that it does not use any music, it is stated that the images of the artists and works are used without permission. In addition, although it was stated that the artists would be paid for each NFT sold, no attempt was made again.

However, HitPiece couldn’t get rid of this problem just by closing it. The Music Industry Association of the USA sent a communiqué asking for the list of NFTs sold and how much revenue was generated. In other words, he was after the unauthorized gain.

Birlik states that this platform is a game made to defraud music lovers and that it should definitely be put in its place. The platform deceived consumers by covering up unauthorized use with word games. In this respect, it is aimed that no one will repeat a similar move again.