Articles Tagged with nft

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A surge in copyright-related issues has shaken the NFT world. Because of this, it’s more important than ever to seriously consider IP matters when minting non-fungible tokens with underlying artistic assets. In this article, we’ll take a look at how IP law relates to NFTs and what creators can do to protect themselves.

IP Laws and NFTs

One current issue is the fiasco surrounding Spice DAO, which sought to create an animated series based on the original manuscript of the movie Dune, claiming that their purchase of that manuscript at an auction gave them rights to reproduce the content. However, that was not the case, and they now face a great deal of public mockery due to their three million dollar mistake.

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Artists have been appropriating content from outside sources for centuries, but when it comes to NFTs, it may be a bit problematic. Appropriation art has garnered the attention of large companies such as Hermès of Paris, Inc., which is currently pursuing legal action against artist Mason Rothschild for appropriating their BIRKIN brand in his work. Other companies such as Nike are following suit with their own legal complaints.

But what is appropriation art, and when is it considered legal? Furthermore, how might the legal landscape surrounding this type of art look when it comes to NFTs? We’ll explore these questions in this article.

What Is Appropriation Art?

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Artists have found a great deal of value in marketing their work on NFT markets owing to the ease of receiving royalties generated through their creations. That said, there are a number of intellectual property implications that have come forth as NFTs have climbed in popularity. We’ll discuss a few of those implications here.

Transfer of IP Rights – A Common Misconception

If you’re familiar with NFTs, you are likely already aware of how IP rights are handled. For everyone else, a common misconception is that an NFT represents the copyright to its underlying asset, be it artwork, music, videography, etc.

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