NFTs AND COPYRIGHT LAW
DOI:
https://doi.org/10.35120/sciencej020215mKeywords:
non-fungible tokens, blockchain, smart contracts, copyright, digital artAbstract
NFT stands for “non-fungible token” and refers to a cryptographically protected asset that represents a unique object, work of art, real estate, ticket, or certificate. Like cryptocurrencies, each NFT contains ownership data to facilitate identification and transfer between token holders. By purchasing a token, the owner gets ownership of an asset in the digital or real world. NFTs are often minted by artists and creatives, but collectors and investors who purchase and use them may have a different perspective on who owns the copyrights to the content associated with the NFTs. Attorneys specializing in art law, although they have not yet fully explored it, are developing a familiarity with the current crypto community and future metaverse in order to understand how a public ledger registration tool has created scarcity and value for digital assets, such as digital artwork.
Downloads
References
Andrew (2022) ‘NFTs use 'smart' contracts—but what exactly are they?’ Available on: https:// www.theartnewspaper.com
Aksoy, Üner (2021) 'NFTs and copyright and opportunities. Available on: https://www. deepdyve.com/lp/oxford-university-press/nfts
Bjarnason, C. (2021) 'NFT Explained: In the Eyes of EU Copyright Law'. Available on: https:// medium.com/@casperbjarnason/nfts
Bodó, Giannopoulou, Quintais, Mezei (2022) 'The Rise of NFTs: These Aren't the Droids You're Looking For'. Available on: The Rise of NFTs: These Aren't the Droids You're Looking For by Balázs Bodó, Alexandra Giannopoulou, João Pedro Quintais, Péter Mezei: SSRN
Clark, M. (2021) 'The New York Times just sold an NFT for more than half a million dollars.' Available on:https://www.theverge.com/
Cvetkovic, P. (2020) " Legal aspects applications blockchain: An example of smart contracts". Available on: Legal The word - legal aspects of Blockchain.pdf
Guadamuz, A. (2021c). The treachery of images: Non-fungible tokens and copyright. Journal of Intellectual Property Law & Practice, 16(12), 1367–1385. https://doi.org/10.1093/jiplp/jpab
Harper, J. (2021) 'Jack Dorsey's first ever tweet sells for $2.9m', BBC News, 23 March. Available on: https :// www.bbc.com/news/business
Idelberger, Mezei (2022) ‘Non-fungible tokens’. Available on: Non-fungible tokens by Florian Idelberger, Péter Mezei: SSRN
Lantwin, T. (2021) 'Beyond the hype: NFTs, digital and copyright'. Available on: https://www. dusip.de /en/2021/06/16/beyond-the-hype-nfts-digital-art-and-copyright/
Lapatoura, I. (2021). Creative digital assets as NFTs: A new means for giving artists their power back? Entertainment Law Review, 32(6), 169–172.
Liew, VK (2021) ' DeFi, NFT and GameFi Made Easy: A Beginner's Guide to Understanding and Investing in DeFi, NFT and GameFi Project
Kramer, Graves, Philips, (2022) 'Beginner's Guide to NFTs: What are Non-Fungible Tokens?'. Available on: https://decrypt.co/resources/non-fungible-tokens-nfts-explained-guide-learn blockchain,
Lapatoura (2021) ‘Copyright & NFTs of Digital Artworks’. Available on: https://ipkitten.blogspot .com /2021/03/guest-post-copyright-nfts-of-digital.html
Murray, DM (2022) 'NFT Ownership and Copyrights'. Available on: NFT Ownership and Copyrights by Michael D. Murray: SSRN
Purtill (2021) ‘Artists report discovering their work is being stolen and sold as NFTs’. Available on: https://www.abc.net.au/news/science/
Schmitz, JA (2022) 'Resolving NFT and Smart Contract Disputes'. Available on: Resolving NFT and Smart Contract Disputes by Amy J. Schmitz: SSRN
Strabac, M. (2021) "Protection of personal data in the blockchain". Available on: https://www.milic.rs/ zastita-podataka/zastita-podataka-o-licnosti-u-blockchain-u/
Szabo, N. (1994) 'Smart Contract'. Available on: https://www.fon.hum.uva.nl/rob/ Courses/ Information InSpeech/CDROM/Literature/LOTwinterschool2006/szabo.best.vwh.net/idea.html
Sephton (2021) ‘Copyright infringement and NFTs: How artists can protect themselves’ Available on: https:// cointelegraph.com/news/copyright-infringement-and-nfts-how-artists-can-protect-themselves
Vrbanus (2021) ‘Emily Ratajkowski prodaje vlastitu sliku kao NFT da bi "preuzela kontrolu" nad vlasništvom’. Available on: https://www.bug.hr/blockchain/emily-ratajkowski-prodaje-vlastitu-sliku-kao-nft-da-bi-preuzela-kontrolu-nad-21067
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2023 Belma Mujević, Mersad Mujević
This work is licensed under a Creative Commons Attribution 4.0 International License.
