Minting, distributing and selling NFTs must involve copyright law
Nonfungible tokens would be problematic without the validation and verification of copyright ownership in the NFT-minting process. Everyone is wild about nonfungible tokens (NFTs). The first half of 2021 alone saw NFTs from Andy Warhol, NFTs of the code for the World Wide Web, the first-ever Tweet and, of course, the famous $69 million NFT sale of Beeple’s “Everydays.” Whether this explosive rise of NFTs is a flash in the pan or the future of art and beyond is a hot topic of conversation. An emerging theme from that conversation is whether NFTs have a copyright problem. Copyright is....
Related News
Benyamin Ahmed created and tokenized digital pictures of whale emojis and sold them in the form of NFTs during school vacation. A 12-year-old boy from London reportedly earned nearly $400,000 (290,000 pounds) by selling a series of nonfungible tokens (NFTs) during the school holidays.In an interview with Geo.tv, Benyamin Ahmed shared his excitement about being able to make money online by selling NFT artworks “without having a bank account.” Ahmed’s artwork caught attention on Twitter and eventually went viral.Ahmed used his school holidays to create and tokenize digital pictures of whale....
According to the DMCA, PolygonPunks would have had to have claimed its material "was removed or disabled through mistake or misidentification." Nonfungible token marketplace OpenSea is once again listing the Polygon-based copy of CryptoPunks after a successful Digital Millennium Copyright Act counter notice. In a Sept. 28 announcement on Twitter, the PolygonPunks project said its nonfungible token, or NFT, collectibles were back on OpenSea after responding to a DMCA takedown notice from Larva Labs, the creator of CryptoPunks. The punks were booted from OpenSea in August after becoming one....
The non-fungible token fever witnessed over the last few months is catching the copyright management agencies’ attention. One of them, located in Italy, has chosen a blockchain company to create its own NFTs. SIAE Expects to Guarantee Copyright Protection With NFTs for the Next 139 Years According to the announcement, Società Italiana degli Autori ed Editori (SIAE), founded in 1883, picked Algorand to manage the rights of over 95,000 authors in the form of non-fungible tokens. Both parties had been working on the project since 2019, said Algorand. In a first instance, 4....
NFTs have grown so much that they have become one of the leading known forms of selling art online. The ease of minting these NFTs has given rise to people selling pictures of anything. People have sold NFTs ranging from crappy pictures of rocks. To an Instagram influencer actually selling her love as an NFT […]
Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the....