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Authorities in China are going after creators of digital collectibles based on other people’s artwork, which were not authorized for use. The government offensive is part of a multi-departmental campaign to combat online copyright infringement and piracy.
The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and internet piracy, together with the Ministry of Industry and Information Technology, the Ministry of Public Security and the State Internet Information Office of the People’s Republic of China.
A key goal of the initiative is to improve copyright oversight of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live streaming and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press release. release on Friday.
The NCAC is particularly concerned about increasing problems of copyright protection arising from the activities of a large number of entities engaged in innovative technologies. One of the areas where the watchdog wants to increase supervision is the issue of non-fungible tokens (NFT).
The authority said it plans to “crack down on the unauthorized use of other people’s artwork, music, animation, games, film and television to create NFTs, create digital collections and sell pirated scripts through the Internet.”
The agency is convinced that progress in that direction can be made by strengthening the entire online copyright chain, promoting regulatory standards and imposing penalties. It insists that this will accelerate the creation of a market-oriented, legalized and international business environment, and provide the copyright support needed to stimulate entrepreneurship and innovation.
While allowing issuance, China has attempted to curb speculation with NFTs. Tech giants such as Tencent and Ant Group have partnered with Beijing and distanced themselves from the crypto-related term “non-fungible tokens”, opting for the more generic “digital collectibles”. In April, reports indicated that popular Chinese messaging app Wechat is suspending accounts linked to NFTs.
Do you think China will be able to curb copyright infringement related to non-fungible tokens? Share your thoughts on the topic in the comments section below.
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