A British committee made up of members from different political parties wants the country’s government to work with NFT markets to address copyright infringement, according to a report released on Wednesday.
Introduce a code of conduct to better protect creators. The organization began investigating NFTs in November.
Ms Caroline Dinage MP, chair of the Culture, Media and Sport Committee, said artists were at risk of seeing the results of their hard work being fabricated and promoted without permission.
Fraudulent and misleading advertising adds an extra layer of danger for investors participating in this already risky industry.