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Publisher DC Comics, a subsidiary of Warner Bros, itself a unit of Time Warner, is unhappy that artists are using its intellectual property (IP) in the form of non-fungible tokens (NFTs) and has said it has its own plans. for the characters.
In a letter written by DC Comics, Jay Kogan, senior vice president of legal affairs sent to freelancers employed by the company on Thursday, it was pointed out that it was against company policy to sell digital images featuring the DC intellectual property with or without NFT.
Kogan said DC Comics have their own plans to enter the NFT space and are currently exploring opportunities to enter the market.
Non-fungible tokens (NFTs) are fast becoming the newest fan collectibles and have generated significant press and buzz in the digital space. DC is exploring opportunities to enter DC’s original digital art distribution and sale market with NFTs, including both new art created specifically for the NFT market, as well as digital art. original rendered for DC comic book publications.
As DC examines the complexities of the NFT marketplace and we work on a solution that is reasonable and fair to all parties involved, including fans and collectors, please note that the offer for sale of any digital image featuring the intellectual property of DC with or without NFT, rendered for DC publications or rendered outside the scope of its contractual engagement with DC, is not permitted. If you are approached by someone interested in including any of your DC arts in an NFT program, please let Lawrence Ganem, DC’s Vice President of Talent Services, know.
We anticipate that the participation of independent DC talent will be an integral part of the NFT program that DC is implementing. We will share more information as it becomes available, and we appreciate your cooperation and partnership.
Letter sent by DC Comics, Jay Kogan, senior vice president, legal affairs to company freelancers.
Former DC Comics artist Jose Delgo, known for his Wonder Woman sketches, has made $ 1.95 million selling NFTs featuring the superhero and other licensed characters, Gizmodo reports.
Recently, NFTs have become a craze with millions of dollars spent on rare or desirable digital artwork. On Thursday, a digital or NFT artwork by crypto artist Beeple was sold for a record $ 69.3 million by auction house Christie’s.
The NFT industry had a market capitalization of $ 338 million at the end of 2020, according to nonfungible.com.
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