HitPiece takes its NFT music platform down following artist outrage
Like many other NFT business models, however, it's not clear what HitPiece was selling, exactly."This particular grift doesn’t really affect artists in that HitPiece wasn’t even selling files of the songs — just the receipt of purchase to the general idea of them," Infant Island guitarist and grad student Alex Rudenshiold told."It's still copyright infringement. It's re-commodifying the metadata to make money without permission.
HitPiece, founded by former indie label owner Rory Felton, issued a statement."Clearly we have struck a nerve and are very eager to created the ideal experience for music fans," it said on Twitter."To be clear artists get paid when digital goods are sold on Hitpiece."We are continuing to listen to all user feedback and are committed to evolving the product to fit the needs of the artists, labels and fans alike.
However, artists are skeptical of HitPiece's claim that they will be paid."They steal your music, auction NFTs of it on their site, and when they get caught they say don’t worry you 'get paid,'" the group Deerhoof tweeted.
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