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According to this case, the US Supreme Court ruled that although a copyrighted photograph might serve as a starting point for an artwork, its use cannot be considered fair use if it is not transformative enough and threatens the market for that work. Goldsmith (2023) [2].
Technically, from a copyright perspective, the NFTs were derivativeworks of the Paintings (underlying works), since the former included major copyrightable elements of the (previously created) latter. social networks, OpenSea and Decentraland digital platforms). VEGAP has announced that it has appealed this judgment.
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 Copyright Law as creative works and/or may be derivativeworks 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 Copyright Law as creative works and/or may be derivativeworks based on pre-existing copyright-protected works.
seems like this is going to have trouble with derivativeworks] Amanda Levendowski, Fairer Public Benefit Bias and harms of works aren’t taken into account in fair use analysis: recruits a legal tool typically aimed at one set of problems for the purpose of cleverly addressing a different set of problems.
We analysed clauses affecting user interests regarding privacy or data protection, illegal and harmful content, dispute resolution, jurisdiction and enforcement, and copyright, the last of which provided perhaps our most interesting results and which is the focus of this blogpost. You can find the full report here.
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