Recently we’ve seen a rash of NFTs associated with popular artists or their songs being offered to the public apparently without the artist’s or copyright holder’s knowledge, involvement, or permission. These sites are charging exorbitant prices for these NFTs, promising ownership in a “unique song recording” and often featuring album art or artist photos to lure in unsuspecting fans.
Source: RIAA Chairman: Market for Music-Related NFTs Must Protect Artists and Fans (Guest Column)