Sam Seder Learns About NFTs
February 8, 2022
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4:57Now PlayingSam Seder Learns About NFTs
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as posted by the channelSam Seder asks the Majority Report crew to explain how music NFTs work. @LeftReckoning's Matt Lech discusses how music NFT holders do not own the music, just the image of the name of the song, and how this can later be challenged down the road. The crew also talks about the conflicting line between copyright and certain NFTs.
Check out Left Reckoning's episode » The Scam Economy of Crypto w/ @MattBinder »
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Matt Lech: so the new hit piece NFT scam where some company just made did you hear about hit piece they scraped uh Spotify's like um API, I think it's called for all the names of albums and songs and stuff and then they started selling NFTs of individual songs and artists were like hey I didn't say you could sell my song as an NFT and it was one of those classic cases.
I don't understand what that means it is you know
ML: it's a very philosophical question because you can't like listen to the song you just own the NFT that purportedly like has the album
Emma Vigeland: You have the receipt song, right?
yeah exactly on some registry so they basically created a new registry of all song names and said you can claim the nft of it...
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