Economy

“Batman is our only property to exploit.” DC Comics Warns About Using Its Characters In NFTs

"Batman is our only property to exploit."  DC Comics Warns About Using Its Characters In NFTs

Publisher DC Comics, a subsidiary of Warner Bros, itself a unit of Time Warner, is dissatisfied with artists using their intellectual property (IP) in the form of non-exchangeable symbols (NFTs), and has said it has its own plans for the characters.

at Message Written by DC Comics, Jay Coogan, Senior Vice President, legal affairs were sent to the company’s freelancers on Thursday, and it was emphasized that it is against the company’s policy to sell digital images that display DC’s IP with or without NFTs.

Kogan said DC Comics has its own plans to enter the NFT space and is currently exploring market entry opportunities.

Non-Fungible Tokens (NFTs) have become the latest fan favorite and have caused a sensation in the digital space. DC is exploring market entry opportunities to distribute and sell original DC digital art using NFTs including new art created specifically for the NFT market, as well as original digital art submitted to DC’s comic book publications.

As DC considers the intricacies of the NFT market, and we are working on a reasonable and fair solution for all interested parties, including fans and collectors, please note that offering to sell any digital images displaying DC’s intellectual property with or without NFTs, whether it is not permitted for DC postings or outside The scope of an individual’s contractual association with a DC. If anyone interested in including any of your DC artwork has contacted you in the NFT program, please let Lawrence Ganem, DC Vice President, Talent Services.

We expect DC’s independent talent participation to be an integral part of the NFT program that DC puts it in place. We will share more information as it becomes available, and we appreciate your cooperation and partnership.

Letter from DC Comics, Jay Cogan, Senior Vice President Legal Affairs, to the Company’s freelance workers

NFTs have recently gotten a craze as millions of dollars are spent on rare or sought-after digital artworks. On Thursday, Christie’s auction house sold a piece of digital artwork, or NFT, to cipher artist Beeple for $ 69.3 million.

The NFT industry had market capitalization of $ 338 million At the end of 2020, according to nonfungible.com.

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