Impact of American Sanctions on Cuban NFT Artists
OpenSea, a popular marketplace for non-fungible tokens (NFTs), has recently caused controversy by banning digital artists based in countries that are under US sanctions. This decision was made in order to comply with American sanctions law, which imposes strict penalties on companies that violate these regulations.
The ban has had a significant impact on Cuban artists, as well as artists of other nationalities, who are now also affected by the sanctions.
NFTcuba.ART, a Cuban-based artist initiative, tweeted that OpenSea disabled its profile, causing confusion among Cuban expatriates and artists who use the platform. It is unclear why the accounts of Cuban expatriates were also affected by the ban.
The United States has a range of sanctions in place against countries including Cuba, Iran, North Korea, Syria, and the Russian Federation. In recent years, the Russian Federation has faced additional sanctions due to the ongoing conflict in Ukraine. Despite these challenges, Cuban NFT art remains a vibrant and exciting world to explore on OpenSea.
