- The Cardano CEO modified his Twitter profile picture to include a screenshot of a Cardano NFT that features a drawing of himself.
- Concerned cryptocurrency enthusiasts were assured by the founder of Cardano that he is “paying artists in exposure” despite the ongoing controversy over the royalties owed to NFT musicians.
- Many people disagreed with how digital art was being treated or with the claim that NFT ownership was protecting intellectual property rights.
The bombastic founder of the Cardano (ADA) blockchain and CEO of the blockchain technology company IOG, which has its headquarters in London, Charles Hoskinson, changed his Twitter profile image to an NFT portrait of himself. Instead of the usual pre-owned NFT avatar, the modification was made to a right-click saved.jpeg image of another person’s NFT.
Concerned cryptocurrency enthusiasts were assured by the founder of Cardano that he is “paying artists in exposure” despite the ongoing controversy over the royalties owed to NFT musicians. Mr. Huskinson continued, “because having the historical relationship with me boosted the worth of their work and goods, the artist and NFT owner doesn’t mind.”
I liked the picture so I used it as my profile picture. The artist and NFT owner don't mind because it increased the value of their work and product having the historical association with me. I get a cool PFP for a little while. It's called an economy. Pretty cool isn't it?— Charles Hoskinson (@IOHK_Charles) January 3, 2023
The Cardano founder informed concerned cryptocurrency aficionados that he is “paying artists in exposure” despite the continuing dispute over NFT artists’ royalties. The artist and NFT owner don’t mind, Mr. Huskinson added, “since having the historical relationship with me raised the value of their work and product.”
The risky decision wasn’t ignored, though, as several cryptocurrency aficionados took offense at the founder of one of the biggest blockchain businesses’ irresponsible position. The old-fashioned method Mr. Huskinson used to change profile photographs, for example, is “not the correct posture to adopt at all,” the graphic designer T-Rex noted.
Sorry Charles, this isn't the right stance to take at all. Let's face it, you could probably change the owners' life by actually buying and owning the NFT?— T-Rex (@t_rex____) January 3, 2023
Next time you produce something you'd expect to charge for, and make your livelihood from—I'll just copy and paste it?
Hoskinson explained that he “right-clicked and saved” the image because he liked it and the creator and owner of the genuine NFT had nothing against it. This action raised the value of the piece and confirmed its connection to him, according to Hoskinson. The creator of Cardano summarised his viewpoint by noting that he obtained a cool profile picture and saved money.
Many people did not agree with this kind of treatment of digital art or the alleged protection of intellectual property rights by NFT ownership. Hoskinson should have purchased a real NFT, according to Blakelock Brown, CEO of the major Cardano NFT marketplace JPGstore, to set an example and encourage the NFT sector.