Remove Artwork Remove Contracts Remove Derivative Work Remove Public Domain
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NFTs: promisingly transformational, yet fraught with IP pitfalls – Part I

Kluwer Copyright Blog

Specifically, a group called Spice DAO purchased an NFT displaying a copy of filmmaker Alejandro Jodorowsky’s ‘Dune’ for $3 million, assuming it would grant them the ability to produce derivative works, such as an animated Dune series.

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A Brief Thematic Review of Non-Fungible Tokens and their Copyright

IP and Legal Filings

NFTs are governed by smart contracts, which divide ownership and limit transferability. Blockchain technology allows smart contracts to operate, ensuring the integrity of all sent and received data. [iv] When someone mints an NFT on a public domain, they could falsely claim to be the owner of the original artwork’s copyrights.