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Listing someone else’s artwork on an NFT marketplace is as simple as saving a copy of the work from an artist’s website or social media platform and uploading it onto a marketplace where it is minted into an NFT. Third, consumers should do their duediligence by reaching out to artists to verify the authenticity of the NFT before purchasing.
The image of the Crypto Punk linked to the NFT placed on to the blockchain is copyright protected. The art inside the gallery is protected by COpyrightlaw. Copyrights protect original works of authorship, such as the digital asset being offered with the NFT. Duediligence is critical.
Just don’t forget about real world copyrightlaw. ? For that, you’d need an assignment or license from the owner of the underlying copyright. The same rule applies to digital artworks sold as NFTs. It would have taken a bit of duediligence, but not much. Definitely.
In a policy paper , copyright and art-law experts led by the author clarified the general copyrightlaw principles applicable to stakeholders dealing with digital cultural heritage worldwide and formulated recommendations, addressed to policy-makers, to facilitate their digital activities. Proposal 4. Proposal 8.
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. Most NFTs are protected under US CopyrightLaw as creative works and/or may be derivative works based on pre-existing copyright-protected works.
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. Most NFTs are protected under US CopyrightLaw as creative works and/or may be derivative works based on pre-existing copyright-protected works. .”
Under traditional copyrightlaw, the purchase of an NFT representing a work in which copyright subsists does not automatically confer copyright ownership in the underlying work ( the traditional approach ). UK copyrightlaw mandates that an assignment of copyright be ‘in writing signed by or on behalf of the assignor’.
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