Artwork Due Diligence Ownership 
Traverse Legal Blog
APRIL 17, 2021
There are open auctions, limited auctions, various flavors of ownership for the NFT, and sales of both digital and non-digital assets. Was that ownership transferred, and if so, to whom? What kind of private key do you have attached to that ownership? What kind of private key do you have attached to that ownership?
IPilogue
JUNE 13, 2022
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. Many NFT marketplaces do not require the person listing the piece to provide proof of ownership or personal information.
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Traverse Legal Blog
MARCH 8, 2022
Due diligence is critical. Copyrights protection for the artwork itself is also critical. Any NFT project offering Apes are derivative of the artwork for the Bored Ape yacht CLub are potentially infringing the BAYC’s copyrights. What Rights Are Licensed To Purchasers Buying NFTS?
Copyright Lately
MAY 6, 2022
The same rule applies to digital artworks sold as NFTs. It would have taken a bit of due diligence, but not much. Here’s the first clause, section (i), dealing with ownership of the Bored Ape NFTs: “i. What you can’t do is make your own “Dune” movie. Definitely. You Own the NFT.
LexBlog IP
NOVEMBER 6, 2023
However, two months later, the museum filed a complaint against NYDA to block the seizure order by contesting its rightful ownership of the statue. Ownership Interest In the case of Republic of Croatia v. The court underscored the need to determine whether the claimants can establish ownership of the Treasure.
IP Whiteboard
JUNE 7, 2021
This means that each time an NFT changes hands, the transaction is verified, adding a new record to the chain of ownership. NFTs have a variety of uses which extend far beyond digital artwork. The ownership of an NFT can be easily authenticated, meaning buyers can have confidence that they are buying the real deal.
LexBlog IP
APRIL 25, 2022
AML/CFT regime related to beneficial ownership, real estate, and investment advisers and nonfinancial gatekeepers before turning its attention to the high-value art market.” ” [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].
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