Abstract
The Article discusses NFTs, smart contracts, how works are registered and verified on a blockchain (i.e., "tokenized") by an NFT, and what rights NFTs convey and do not convey. It compares the rights of copyright owners to NFT owners who do not purchase the copyright to the underlying work tokenized by the NFT. It discusses the thorny problem of resale or display of digital works when you don’t own the copyright to the works. Recent cases such as Miramax v. Tarantino and Spice DAO's attempts to tokenize Alejandro Jodorowsky's Dune book are discussed, along with CryptoPunks, Bored Ape Yacht Club, Damien Hirst's The Currency, and other NFT projects.
| Original language | American English |
|---|---|
| Number of pages | 21 |
| DOIs | |
| State | Published - Jul 22 2022 |
Keywords
- NFT
- non-fungible tokens
- tokens
- blockchain
- cryptocurrency
- copyright
- derivative works
- right of display
- first sale doctrine
- digital artworks
- art