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NFTs: promisingly transformational, yet fraught with IP pitfalls – Part I

Kluwer Copyright Blog

Image by Tumisu via Pixabay Non-fungible tokens (NFTs) are altering society’s notion of digital ‘ownership’ and redefining the common perspective on distribution of original works to consumers by introducing scarcity to the digital realm.

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Creative Commons and NFTs – is CC licensing compatible with the new technologies?

Kluwer Copyright Blog

The ownership of an NFT is recorded in the blockchain, and can be transferred by the owner, allowing NFTs to be sold and traded ”. Crucially, the ownership of an NFT does not equate to ownership of an underlying asset. Creative Commons’ position on NFTs.

Licensing 114
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Copyright and Generative AI: What Can We Learn from Model Terms and Conditions?

Kluwer Copyright Blog

Is it a proper copyright ownership or an assigned license? If output works infringe copyright, who is responsible (e.g. There was almost no reference to ownership of training data that had come from parties other than the contractual partners. We hope to return to this theme in future work. user, service)?

Copyright 135
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Prompt Authorship and Ownership: Clarifying Rights and Responsibilities

Intepat

This is because the resulting work is a new creation that depends on various factors, including the system’s programming and the input prompt. The generated work might be an original creation of the AI, or it could be considered a derivative work depending on the nature of the output and the input data used.

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How to Avoid Pitfalls on the Way to Decentralized Disney

Copyright Lately

The same rule applies to digital artworks sold as NFTs. Want to Create New Derivative Works? This still wouldn’t necessarily have given the buyer carte blanche to create new derivative works featuring the characters, as opposed to, perhaps, digital screengrabs from individual episodes. You Own the NFT.

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[Guest post] BAYC sues Ryder Ripps over unauthorized minting of NFTs

The IPKat

A digital file (an artwork, a song, etc.), Consequently, the definition of NFTs as “certificate of authenticity” or “certificate of ownership” is not accurate. which is not stored on the blockchain but usually on a P2P system like IPFS (“Interplanetary File System”) is linked to the NFT.

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A Brief Thematic Review of Non-Fungible Tokens and their Copyright

IP and Legal Filings

Due to the recurrent copyright difficulties, which have a significant impact on an individual’s business interest, it is imperative to preserve the ownership rights of digital works. NFTs are governed by smart contracts, which divide ownership and limit transferability. iii] NFTs are limited to having a single owner.