Artwork Contracts Due Diligence 
Traverse Legal Blog
APRIL 17, 2021
An NFT is a Smart Contract, meaning that it embeds specific basic contract terms in the NFT metadata that goes onto the blockchain. That Smart Contract, that token that can have unique data associated with it. You’ll also get digital collectible album artwork. “Who’s the owner? ” Enrico Schaefer.
Traverse Legal Blog
MARCH 8, 2022
Your trademark identifies your company as the source of goods and services related to your NFTs and digital assets (the pictures linked to your NFT smart contracts). Due diligence is critical. They require both chain of tile and a contract setting forth the seller and buyers’ essential contract terms.
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Traverse Legal Blog
APRIL 1, 2021
A non-fungible token allows you to put a smart contract onto the blockchain that is unique unto itself. Different types of information can be stored on a blockchain including ledger information and smart contracts. NFTs are being used to store smart contracts and authentication for digital artwork and other digital assets.
Kluwer Copyright Blog
JUNE 19, 2023
The ‘ Dune’ scenario is a well-known ‘tale of crypto folly’ featuring NFT purchasers who failed to exercise appropriate due diligence in determining what rights are granted when procuring an NFT. Copyright that is transferred upon selling an NFT may explicitly be outlined in the self-executing smart contract governing the sale.
Copyright Lately
MAY 6, 2022
NFTs were minted Money was advanced The underlying contracts Never got a glance Dreams of exploitation From Florida to France But no rights were acquired The kids don’t stand a chance. — “The Kids Don’t Stand a Chance, Aaron’s Version” ( with apologies to Vampire Weekend ). Definitely.
LexBlog IP
APRIL 25, 2022
” [5] The Report only discussed money laundering, ignoring other known risk areas in the art market, such as the sale of forged or stolen artworks. [6]. ” [7] In 2020, Treasury defined high-value art as artwork having an estimated market value of over $100,000. [8] The Report specifically focused on “high-value art.”
IP Tech Blog
MARCH 18, 2022
NFTs can be based on three-dimensional items or artwork, or can be purely digital creations—for example, a collectable digital sneaker or a token used in a videogame. NFTs are unique tokens based on blockchain technology and used as digital assets.
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