HitPiece NFT Scam: Website Illegally Sells Songs As NFTs

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HitPiece NFT Scam: Website Illegally Sells Songs As NFTs

Hundreds of artists took to social media on Wednesday morning after discovering their music was listed as an NFT on the HitPiece web site.

NFTs are trending all around the web, permitting individuals to show possession of digital property.

However, the extra enticing an NFT system is to us, the extra “delicious” it’s for scammers to focus on.

The web site, which was virtually notorious till now, has featured tons of of reside public sale listings for everybody from Drake and the Beatles to small Australian bands.

For occasion, the itemizing for the music “Pure Grinding,” recorded by Avicii, is at present “accepting bids,” with an preliminary bid of $100.

There’s a lot probably that HitPiece was scraping Spotify’s API and minting NFTs based mostly on that knowledge.

The musicians have since requested the platform to take away the corporate’s content material with out their information or permission.

However, the corporate acknowledged that the artist will get paid when digital merchandise is offered on HitPiece. It’s additionally a extremely suspicious assertion because the artists point out they weren’t conscious of this case.

Furthermore, the web site doesn’t have any blockchain pockets connections out there. Thus, it’s unclear if HitPiece really sells the gadgets as NFTs.

Artists couldn’t contact HitPiece immediately. Many have publicly questioned the legitimacy of HitPiece, corresponding to Brenna Ehrlich, chief analysis editor at Rolling Stone.

Due to HitPiece NFT Scam, the web site has at present suspended operation.

The put up HitPiece NFT Scam: Website Illegally Sells Songs As NFTs appeared first on FinanceBrokerage.

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