This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
My name is Enrico Schaefer, I am a technology attorney with traverse legal PLC, and today I want to talk about nonfungible tokens or NFTs. Blockchain and blockchain technology is in the spotlight right now. You’ll also get digital collectible album artwork. Copyright Licensing of Digital Assets Attached to NFT Sales.
Users on Twitter began to notice similarities between Pranjkovic’s artwork and a photograph taken by Scottish photographer Iain Leach. Even if you bring in all the experts possible and even with unparalleled transparency and even with the best technology, things can slip through. The Croatian central bank clearly failed there.
I am an attorney specializing in blockchain technology. Duediligence 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.
NFTs are being used to store smart contracts and authentication for digital artwork and other digital assets. People will bid on an NFT, a non-fungible token, associated with a piece of digital artwork. Sometimes they’re not going to get what they paid for, or the digital artwork will disappear. Bring in the Lawyers.
Although frequently misconstrued, this technology represents an exceptional advancement that can yield enormous revenue streams for both creators and consumers by altering the digital representation of real-world assets. For instance, CrypToadz is a prominent CC0 NFT project wherein the artwork related to the NFT is in the public domain.
Don’t get me wrong—I’m all in favor of using blockchain technology to facilitate the exchange of creative content. The same rule applies to digital artworks sold as NFTs. It would have taken a bit of duediligence, but not much. What you can’t do is make your own “Dune” movie. Definitely.
NFTs are unique tokens based on blockchain technology and used as digital assets. 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. Brand owners have already begun to catch up.
NFTs are unique tokens based on blockchain technology and used as digital assets. 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. .” Brand owners have already begun to catch up.
National policymakers should ensure that such L&Es are given a mandatory character, in the sense that technological protection measures (“TPMs”) or unilateral contractual clauses (e.g. archival fonds shall not be subject to the same remuneration as unique artworks, as advocated by scholars ). Proposal 3. Proposal 4. Proposal 8.
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. This system is not foolproof.
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.
We organize all of the trending information in your field so you don't have to. Join 9,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content