When you buy a NFT you don't completely own it - here's why

Authors: Mendis, D.

Publisher: The Conversation


NFTs or non-fungible tokens first captured the public imagination when a digital collage by an artist named Beeple sold for US$69 million (£51 million) at Christie’s in March 2021. Since then, there has been an explosion in the use of these units for storing digital content, which are bought and sold using online ledgers known as blockchains. Yet whether it is a remarkable piece of digital artwork or a cute digital penguin, NFTs are essentially tradeable jpegs or gifs. So what is someone actually getting when they buy an NFT, and what do they truly own from a legal perspective? This article considers the copyright implications surrounding NFTs.


Source: Manual