RIAA sent a letter to the attorneys representing the notorious (and now offline) NFT site HitPiece.com and its founders, demanding that they halt all infringement of music Intellectual Property (IP) rights. Part of the letter demanded that HitPiece provides a complete listing of site activities and revenues to date, and also account for all NFTs and artwork auctioned off.
RIAA’s Chairman and CEO Mitch Glazier explained the reason for the association’s swift decision:
After its launch in December 2021, HitPiece positioned its auctions as a means for fans to own NFTs of their favorite songs, packaged with the possibility of real-world experiences with artists. These NFTs featured no audio content but used visual materials from artists’ work, allegedly without their permission.
Jack Antonoff, Sadie Dupuis (of Speedy Ortiz), Clipping, Eve6, and Muna were among several artists who openly criticised the platform for selling NFTs without their permission.
The company eventually apologized to its customers and shut down its marketplace, stating in its apology that it would appropriately reimburse artists in NFT sales.
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Source: Cryptocurrency - investing.com
