A U.K. committee is urging the country's government to collaborate with NFT platforms to combat copyright issues and roll out a code of conduct to safeguard artists.
Infringements arise when NFTs are minted from artistic content without the consent of the original creators or proprietors. Notably, such breaches have sparked multiple legal confrontations in both the U.K. and U.S.
Chair of the Culture, Media and Sport Committee, said in an accompanying press release.
Several U.K. soccer teams have launched tokens that provide holders with benefits such as a say in club matters, exclusive merchandise, and special experiences.
The committee stated that football enthusiasts investing in sports-related crypto assets might face financial setbacks and could also tarnish the image of the football clubs.
The committee further urged promoters of NFTs to shoulder the responsibility of safeguarding consumers.
