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Apart from this, Non-FungibleTokens, the brainchild of Kevin McCoy and Anil Dash, is a unit of data stored in a digital ledger that certifies that the digital asset is unique and is hence non-interchangeable. Non-FungibleTokens (NFTs) have garnered attention and popularity in 2021.
Some info on NFTs: NFTs’ actual ownership is blockchain-managed. Non-fungibletokens contain permanent metadata – like a certificate of authenticity for a rare painting. billion just on the nine top platforms in 2017. A single image was sold for 69M and Jack Dorsey sold his first tweet for 2.9M
billion in sales in 2021 alone, the non-fungibletoken (“NFT”) has recently undergone a dramatic rise in prominence in the cryptoverse, similar to the “crypto summer” of 2017-18 or the “DeFi summer” of 2020. By: Joshua Durham. With an astounding $17.7
This will give recognition to those persons and provide them with ownership rights for that intellectual activity. This historic ruling created a precedent for companies looking to protect their trademarks in the metaverse and sparked debate about whether Non-FungibleTokens (NFT) are protected by intellectual property laws.
RightsLedger started in 2017 as a digital content marketplace for independent creators, producers and distributors to facilitate deals across borders, without any of the issues of trust, transparency, high fees and small payments for creators that exist within the standard distribution model.
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