HitPiece NFT Scam: Website Illegally Sells Songs As NFTs

<div><img width="1200" height="720" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2021/12/shutterstock_2028071615.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="NFT" loading="lazy" srcset="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2021/12/shutterstock_2028071615.jpg 1200w, https://6ztkp25f.tinifycdn.com/wp-content/uploads/2021/12/shutterstock_2028071615-300×180.jpg 300w, https://6ztkp25f.tinifycdn.com/wp-content/uploads/2021/12/shutterstock_2028071615-1024×614.jpg 1024w, https://6ztkp25f.tinifycdn.com/wp-content/uploads/2021/12/shutterstock_2028071615-768×461.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></div><h1><span data-preserver-spaces="true">HitPiece NFT Scam: Website Illegally Sells Songs As NFTs</span></h1>
<p><span data-preserver-spaces="true">Hundreds of artists took to social media on Wednesday morning after discovering their music was listed as an NFT on the HitPiece website.</span></p>
<p><a href="https://www.financebrokerage.com/what-is-an-nft-broker-and-how-does-nft-work/" target="_blank" rel="noopener"><span data-preserver-spaces="true">NFTs</span></a><span data-preserver-spaces="true"> are trending all over the internet, allowing people to prove ownership of digital assets.</span></p>
<p><span data-preserver-spaces="true">However, the more attractive an NFT system is to us, the more “delicious” it is for scammers to target.</span></p>
<p><span data-preserver-spaces="true">The site, which was practically infamous until now, has featured hundreds of live auction listings for everyone from Drake and the Beatles to small Australian bands.</span></p>
<p><span data-preserver-spaces="true">For instance, the listing for the song “Pure Grinding,” recorded by Avicii, is currently “accepting bids,” with an initial bid of $100.</span></p>
<p><span data-preserver-spaces="true">There’s much likely that HitPiece was scraping Spotify’s API and minting NFTs based on that data.</span></p>
<p><span data-preserver-spaces="true">The musicians have since asked the platform to remove the company’s content without their knowledge or permission.</span></p>
<p><span data-preserver-spaces="true">However, the company stated that the artist gets paid when digital merchandise is sold on HitPiece. It’s also a highly suspicious statement as the artists mention they were not aware of this situation.</span></p>
<p><span data-preserver-spaces="true">Furthermore, the website doesn’t have any </span><a href="https://www.financebrokerage.com/what-is-the-best-wallet-for-nft/" target="_blank" rel="noopener"><span data-preserver-spaces="true">blockchain wallet</span></a><span data-preserver-spaces="true"> connections available. Thus, it’s unclear if HitPiece truly sells the items as NFTs.</span></p>
<p><span data-preserver-spaces="true">Artists could not contact HitPiece directly. Many have publicly questioned the legitimacy of HitPiece, such as Brenna Ehrlich, chief research editor at Rolling Stone.</span></p>
<p><span data-preserver-spaces="true">Due to HitPiece NFT Scam, the website has currently suspended operation.</span></p>
<p>The post <a rel="nofollow" href="https://www.financebrokerage.com/hitpiece-nft-scam-website-illegally-sells-songs-as-nfts/">HitPiece NFT Scam: Website Illegally Sells Songs As NFTs</a> appeared first on <a rel="nofollow" href="https://www.financebrokerage.com">FinanceBrokerage</a>.</p>