NFT: Celebrity teddy bears. UOKiK is taking the matter under a microscope

They appeared on the profiles of celebrities in social media digital NFT graphics with teddy bearswhich are a reflection of famous characters.

NFTNon-Fungible Token are non-exchangeable tokens that act like ownership certificates. Why are they non-exchangeable? As Geekweek explains, a typical cryptocurrency can be converted to another currency, meanwhile NFT can be compared to acquiring a known image. There is only one such work in the world. We can sell or exchange them, but we will not get the same work of art in return.

Last year, the technology got loud thanks to Doda, who announced that she had made a 3D scan of her body and will start selling it in the NFT format. The artist’s body was divided into about 400 pieces.

Fancy Bears Metaverse it’s a collection 8888 NFT graphics created by Fanadise. Each of them presents a different bear whose characteristic features refer to well-known influencers. Teddy bears by Magda Gessler, Joanna Jędrzejczyk, Krzysztof Gonciarz and Ola Nowak have found their way to the network.

“Such individual digital graphics with teddy bears can be purchased by paying with cryptocurrency, calculated for about PLN 2,000. In theory, NFT will be available for sale in the future” – inform Virtual Media.

The action is being watched by the Office of Competition and Consumer Protection. “We are looking at teddy bears and their online promotion as part of the activities already carried out against influencers. We are in the course of both proceedings, in which we investigate both the scam and the way of labeling messages in social media” – Małgorzata Cieloch, spokesman for the Office of Competition and Consumer Protection (UOKiK) admitted in an interview with Cyberdefence24.pl .

Read: The NFT is causing a sensation all over the world. This is already a lifestyle

On January 6, the Office appealed on Twitter to report every influencer who advertises scam to him. Scam it is a form of deception that is carried out after trust has been established. Then the recipients are misled by, inter alia, hiding important information about the product or highlighting some of its features in order to influence the user.

“I have started an investigation to determine the involvement of influencers in promoting the scam. We will check whether the creators verify the offers of commercial cooperation and how they behave when irregularities are detected, including whether they withdraw from advertising the product or offer repair to their followers” – he informed in President of the Office of Competition and Consumer Protection, Tomasz Chróstny, issued in the announcement. He stressed that one cannot decide on questionable cooperation for financial reasons.


About Eric Wilson

The variety offered by video games never ceases to amaze him. He loves OutRun's drifting as well as the contemplative walks of Dear Esther. Immersing himself in other worlds is an incomparable feeling for him: he understood it by playing for the first time in Shenmue.

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