An unidentified NFT (non-fungible token) creator with user name 9194C0 on digital marketplace OpenSea has created nearly 2,000 NFTs that replicate the globally popular Netflix series ‘Squid Game’ with some being traded for more than 1 ETH.

Fast facts

  • The NFTs replicate a card that appears on the television series inviting the protagonist to join the Squid Game. The description on OpenSea says that each card is an “invitation to enter the adventurous and mysterious metaverse games,” pointing to a possible development of an off-brand Squid Game metaverse. However, details on the metaverse or the games are unknown. 
  • The unnamed user minted nearly 2,000 Squid Game card NFTs, which OpenSea users were allowed to claim for free once they paid for the gas fees. Nonetheless, the NFTs, after being claimed, are being traded for value among users, some priced at more than one Ethereum (about US$3,487).  
  • Furthermore, the developer’s OpenSea account does not reveal any affiliation with Netflix or the producers of the television series. The Korea Copyright Commission says issuing NFTs that are created or owned offline by another person can be infringement of copyrights. However, there is not a specific law in Korea currently that regulates copyright infringements of NFTs.