Remove 2012 Remove Contracts Remove Copyfraud
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A Brief Thematic Review of Non-Fungible Tokens and their Copyright

IP and Legal Filings

Following the 2012 revision to the copyrights Act, it was made clear that Internet activities were also covered by the copyright law. NFTs are governed by smart contracts, which divide ownership and limit transferability. Blockchain technology allows smart contracts to operate, ensuring the integrity of all sent and received data. [iv]

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Analysing the Intersection of Blockchain, Cryptocurrencies and Intellectual Property Rights

IP and Legal Filings

Moreover, in 2012, the USPTO received several patent applications that contained the terms “cryptocurrency” and “blockchain”. Smart contracts are contracts that are used to regulate NFT transactions. The copyrights that subsist on an NFT are also governed with the help of a smart contract.