A mistake costing EUR 2.66 million for a "useless" NFT

  • 2022-01-17 00:00:00
  • Cointelegraph
The thrill of novelty introduced by new technologies cost the decentralised organisation 'Spice DAO' almost three million euros when it purchased the NFT of the incomplete manuscript of Frank Herbert and Alejandro Jodorowsky's film. Not only was the manuscript already freely accessible since 2011, the purchase of the NFT will not allow the organisation to create any derivative works (such as the animated series and derivative works announced in the tweet) since it did not purchase any rights to the manuscript itself. Considering that Jodorowsky is still in good health, he will have to wait several years for the work to enter the public domain in order to do anything with it.