article thumbnail

NFT Copyright License Rights: Due Diligence is Critical.

Traverse Legal Blog

You’ll also get a limited edition NFT golden eye vinyl, so you’ll get the album itself as part of the sale. You’ll also get digital collectible album artwork. You will provide the NFT attached to your private key to Kings of Leon to receive your artwork, your album, and your digital download link.

article thumbnail

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

Kluwer Copyright Blog

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. For instance, CrypToadz is a prominent CC0 NFT project wherein the artwork related to the NFT is in the public domain.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Avoid Pitfalls on the Way to Decentralized Disney

Copyright Lately

What about editing some NBA Top Shots moments to create a fantasy matchup between Michael Jordan and Steph Curry? The same rule applies to digital artworks sold as NFTs. It would have taken a bit of due diligence, but not much. What you can’t do is make your own “Dune” movie. Definitely.

article thumbnail

“For Sale: This Article”: an overview of non-fungible tokens (NFTs) and IP

IP Whiteboard

NFTs have a variety of uses which extend far beyond digital artwork. million USD sale of his “Warrior” painting, which became the most expensive Western artwork sold in Asia. This means that each time an NFT changes hands, the transaction is verified, adding a new record to the chain of ownership.