Are NFTs a new shift in our understanding of intellectual property? Nonfungible tokens enable artists to create digital one-offs, among other things, that allow them to sell a unique image, video, etc. that itself can become the source of multiple non-original, non-unique digital copoies. But could NFTs also be used to create temporary, unique, customized copyright licenses tor artists?
A new paradigm for intellectual property assets?
From cointelegraph.com
2021-08-14 07:12:00
Cointelegraph By Greg Gerstenzang
Excerpt:
Nonfungible tokens, or NFTs, are digital records of the ownership of assets. The asset types most commonly associated with NFTs are digital assets, such as artwork like memes, GIFs, or gaming characters or properties. Assets represented by NFTs, however, may be digital, physical, tangible or intangible. Examples of asset types that have been transferred or that have had their ownership recorded utilizing NFTs include sports memorabilia, copyrights in music, artwork and real estate. Intellectual property assets and, specifically, the ownership and transfer of ownership of patents may also be recorded and transferred as NFTs.
Related: Nonfungible tokens from a legal perspective
The ownership of real estate may be recorded in a registry of deeds, the ownership of patents may be recorded in the United States Patent and Trademark Office (USPTO), and the ownership of written works or music may be recorded in the Library of Congress through the copyright system. Because similar systems for…
