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NFTs are governed by smart contracts, which divide ownership and limit transferability. Blockchain technology allows smart contracts to operate, ensuring the integrity of all sent and received data. [iv] vii] NFTs are prone to “copyfraud” and other violations of the moral rights of the inventor.
Smart contracts are contracts that are used to regulate NFT transactions. The copyrights that subsist on an NFT are also governed with the help of a smart contract. A smart contract may be used to transfer the copyrights that subsist on a digital artifact to the buyer.
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