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Following the 2012 revision to the copyrights Act, it was made clear that Internet activities were also covered by the copyright law. vii] NFTs are prone to “copyfraud” and other violations of the moral rights of the inventor.
Moreover, in 2012, the USPTO received several patent applications that contained the terms “cryptocurrency” and “blockchain”. The NFT space also serves as a breeding ground for copyfraud and copyright infringement. Once approved, the data will be encrypted, which is then moved to a blockchain that will update the distributed ledger.
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