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

IP and Legal Filings

As a result, the Indian Copyright Act, 1957 grants the owner of the artwork or the licensee sole rights to discharge copyrights that have already accrued under the statute. vii] NFTs are prone to “copyfraud” and other violations of the moral rights of the inventor.

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Analysing the Intersection of Blockchain, Cryptocurrencies and Intellectual Property Rights

IP and Legal Filings

NFTs may be represented in the form of memes, artworks, or videos. The NFT space also serves as a breeding ground for copyfraud and copyright infringement. The sole technology behind cryptocurrencies is called blockchain technology. A smart contract may be used to transfer the copyrights that subsist on a digital artifact to the buyer.