Are expiring copyrights the next goldmine for NFTs?
Most people think of digital art when it comes to NFTs, but in the future, expiring copyrights could be preserved, refreshed and repurposed using nonfungible token technology. Although non-fungible tokens (NFTs) are most commonly known in the form of digital art, they exist in many other forms and represent much more than just art. In the creative industry, NFTs have been used by musicians such as Kings of Leon to release their latest album. In the sports industry, NFTs are created to record the highlights of major sporting events such as the NBA. In the consumer product industry, Nike,....
Related News
A new record of bitcoin options expiring this week will doubtlessly have an effect on the BTC price in the near and short term.
An interview with REV3AL’s founders on building digital counterfeiting and copyrights fraud prevention tools. When it comes to the NFT industry, there’s hardly a single resolution to the industry-agnostic issues of digital fraud and counterfeiting. NFTs, digital IDs, copyright images and videos, and other forms of digital media can be easily duplicated and disseminated, making it tricky to find a solution to prevent different types of attacks. The REV3AL platform believes they have the all-in-one solution to prevent digital counterfeit and copyright fraud. Its solution aims to....
The sales or licensing of patents via NFTs, automated by the use of smart contracts, could benefit potential buyers, sellers, or licensees. 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....
Blockchain technology has been tapped for its various applications in record-keeping, be it for digital files or banking-related databases. Can the underlying technology behind bitcoin also be used to streamline intellectual property rights in the music industry? In particular, a public ledger could introduce significant innovations for copyrights, particularly for derivative work, such as those shared through the app SoundCloud. This app allows users to make remixes of existing songs and share these with their followers, but this has raised the issue of copyright infringement. Music....
It’s no secret that CryptoPunks have been a dominant force in the NFT landscape lately. This week, some attentive crypto community members found what seems to be a long-lost CryptoPunk vault; an EtherScan shows the account holding over 140 Punks and no activity since roughly 2017. CryptoPunks were established in June of 2017 and are […]