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.