Decoded: Technology Law Insights, Volume 2, Issue 5

State of Crypto: It’s Time to Talk About NFTs and Intellectual Property Law -

"NFTs are all the rage right now, but buyers and sellers should be aware of the different regulatory frameworks that might govern these assets."

Why this is important: NFTs are a hot topic in the world of digital art. A primary question is: Who owns the copyright to the art that is the subject of the NFT? Outside express agreement to the contrary, the copyright will stay with the NFT creator: the artist. The digital nature of the art underpinning the NFT makes duplication extremely easy and a potential minefield for both the artist and the NFT owner. If the artist/NFT creator retains the copyright, the NFT owner owns the art and has the right to display the art, but not to copy or duplicate. With physical art, it is easy to determine if the right to copy and duplicate for commercial reasons is needed; therefore requiring purchase or license of the copyright as well as ownership of the art.

Please see full Newsletter below for more information.

LOADING PDF: If there are any problems, click here to download the file.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Spilman Thomas & Battle, PLLC | Attorney Advertising

Written by:

Spilman Thomas & Battle, PLLC

Spilman Thomas & Battle, PLLC on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide

This website uses cookies to improve user experience, track anonymous site usage, store authorization tokens and permit sharing on social media networks. By continuing to browse this website you accept the use of cookies. Click here to read more about how we use cookies.