[Guest post] BAYC sues Ryder Ripps over unauthorized minting of NFTs
The IPKat
JUNE 27, 2022
These digital files are freely downloadable by everyone (there is no DRM protection in NFTs). Consequently, the definition of NFTs as “certificate of authenticity” or “certificate of ownership” is not accurate. A digital file (an artwork, a song, etc.), Yuga Labs, therefore, still owns the copyright in each NFT. Ether (USD 1+ million).
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