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Sunday, February 25, 2024

An Unique Report Alleges Dancer Noze’s NFT Venture Of False Promoting To Potential Buyers

In keeping with an unique report by Wikitree, Avenue Girl Fighter dancer Noze‘s NFT (Non-Fungible Token) mission, which she touted as a approach to make sure mental property rights for choreographers, is probably not as marketed.

Noze | @nozeworld/Instagram

On September 1, Wikitree launched an exposé alleging that the dancer’s NFT mission dubbed “Dance With NO:ZE” doesn’t safe mental property rights for the dancer, as marketed.

In keeping with the report, the genesis of the mission started when the dancer revealed that regardless of her authentic choreography for “Hey Mama” going viral, attributable to choreography not being acknowledged as mental property, she didn’t make any cash from it. The information of the dancer not benefiting commercially from the dance went viral, and final month the dancer revealed that she was launching her NFT.

The report states that in the course of the announcement of Noze’s NFT, Noze said that the NFT will guarantee dancers might be given mental property rights for his or her choreography. It is usually reported that the NFT is actively promoting itself as a approach for choreographers to be protected beneath copyright legal guidelines.

Dance With NO:ZE introduction | Dance With NO:ZE

Dance With NO:ZE is a mission the place dancers, who weren’t in a position to obtain royalty for his or her choreography previously, are in a position to obtain copyright and for the holders to obtain advantages.

— Dance With NO:ZE

Mission and imaginative and prescient assertion | Dance With NO:ZE

Dance With NOZE will give attention to the group to obtain copyright for choreography. Utilizing NFT know-how to successfully shield copyright for choreography and to vary dancers’ work setting.

— Dance With NO:ZE’s Mission & Imaginative and prescient assertion

In keeping with Wikitree, nonetheless, the advertising slogans are near a farce as NFTs bear no jurisdiction over copyright legal guidelines. The report alleges moreover that Korean legal guidelines defending NFTs themselves are murky at finest and that the one approach to have choreography protected beneath copyright legal guidelines is to submit them to the Korea Copyright Fee as mental property.

Venture targets | Dance With NO:ZE

Though Dance With NO:ZE makes use of NFT know-how, it’s totally different than every other mission. We’re utilizing NFTs as a result of they can’t be manipulated. Utilizing them, we are going to successfully shield the choreography’s copyright and maximize advantages for holders (traders).

— Dance With NO:ZE’s Venture Targets

The report additionally alleges that regardless of being helmed as a approach for dancers to get copyright safety, the primary 10,000 NFTs might be of her selfies, every promoting for ₩500,000 KRW (about $373 USD). The anticipated income from the NFT launch is alleged to be ₩5.00 billion KRW (about $3.73 million USD).

Additionally peculiar is the truth that, in line with the report, in distinction to different NFTs which might be often purchased by way of Ethereum or different cryptocurrencies, Noze’s NFTs can solely be purchased by way of money.

Unrelated picture of an NFT for illustrative functions | Enterprise Insider

Lastly, the report revealed that Noze had began a Discord channel for these inquisitive about shopping for her NFT. As NFTs as a commodity carries inherent dangers, many who’re have been asking questions within the Discord channel solely to be ignored, with many potential traders asking if the dancer even checks the Discord channel in any respect.

  • “It’s already mid-August. When are you going to open?”
  • “You stated you needed to speak within the Discord channel, so I signed up, but it surely appears it’s not possible to speak with you, as traditional. Do you even test in right here?”
  • “I’m additionally curious why this mission’s companions and the label are so unhealthy at speaking. It’s very irritating. On the very least, shouldn’t you be speaking with followers and people taking part within the mission? Are there any particular plans transferring ahead ?”
  • “I need to ask when this may open. Is it nonetheless far off?”
  • Are you actually planning on ruining this?”

Most regarding, nonetheless, is the truth that in line with the report, Noze has not revealed any info on the corporate she is engaged on in producing the NFTs.

A YouTube Q&A that includes the dancer is within the hyperlink under. Within the video, the dancer might be heard stating that the NFT will guarantee copyright safety a number of occasions.

Wikitree revealed Noze’s label Beginning Home was reached for remark, however after initially asking for a while to remark, they’ve been unreachable.

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