NFT Rights Suit by Indian Artist M.F. Husain’s Estate Is Dropped

The estate of a late Indian artist has dropped counterclaims seeking copyright infringement damages from a New York City gallery that is digitizing the artist’s largest work into a series of non-fungible tokens.

Maqbool Fida Husain’s estate agreed Tuesday to stop alleging that TamarindArt LLC never acquired the copyright to Husain’s “Lightning"—a 12-panel mural that depicts white horses galloping across a Cubist landscape—and can’t legally sell NFTs inspired by the paintings.

Husain created the work in 1975 as a backdrop for a speech by India’s then-prime minister. In 2002, Tamarind acquired the painting for $400,000, and the transaction ultimately included ...