This might be the downfall of NFTs for the arts. But because of how easy it is to mint the art into the blockchain and make it as an NFT, these cons and thieves have found it easy to publish it and call it as an NFT. Too bad that the legit artists have to suffer because of these thieves that are taking advantage of their skills. It became pointless when somebody who just saw the art and haven't seen that it's not yet published as an NFT, whoever goes first becomes the owner of it.
This is an aspect where NFTs are really struggling, after all we already have copyright laws that protects intellectual property from theft, it is true that with that law it is impossible to distinguish between an original and a copy, but in the case of NFTs you cannot tell if the person selling the BFT is in fact the legitimate owner of the art being sold, they are the owner of the NFT but that does not necessarily prove they have legal ownership of what they are trying to sell.This is why it is too early to speculate NFTs, as there is simply too much left to guessing to know if what you are buying will have value over the next years or if you actually own what you bought.
