Fact: Most NFT Projects Convey Ownership of, and Valuable Intellectual Property Rights in, Digital Art
Recently, some folks in the NFT industry, including Galaxy Digital in a report published on August 19, 2022, have called into question the ownership rights a collector gets when they buy an NFT, even going so far as to suggest that some creators have misled NFT purchasers. These critics got it wrong because they misunderstand two fundamental concepts of IP law: 1/ What it means to own digital art; and 2/ What it means to own intellectual property rights in digital art. The purpose of this pos...
Fact: Most NFT Projects Convey Ownership of, and Valuable Intellectual Property Rights in, Digital Art
Recently, some folks in the NFT industry, including Galaxy Digital in a report published on August 19, 2022, have called into question the ownership rights a collector gets when they buy an NFT, even going so far as to suggest that some creators have misled NFT purchasers. These critics got it wrong because they misunderstand two fundamental concepts of IP law: 1/ What it means to own digital art; and 2/ What it means to own intellectual property rights in digital art. The purpose of this pos...
