The popularity of releasing your own NFT collection is growing every day. The sad events in Ukraine have provoked the release of charity collections or the creation of NFT competitions. However, for a large number of Internet users, the NFT collection is still a secret behind seven seals.
So what is it? NFT (Non-Fungible Token) is a technology that Finland Phone Number List allows you to create unique digital objects and attach them to the blockchain, giving them copyright, and ensuring their uniqueness and non-forgery. It has become especially popular recently due to the possibility of selling digital works of art, music, pictures, videos and other digital objects as unique and unrepeatable.
Legal regulation of the process of creating digital NFTs
At the same time, NFTs raise many questions about copyright. The questions revolve around what is actually being sold when an NFT is sold: the work itself or the right to use it. To understand this, it is important to understand that an NFT is not a digital work in itself, but merely a digital certificate of authenticity for a specific digital object.
However, when selling an NFT, the seller typically grants the buyer the right to use the digital object that is linked to the NFT. For example, if a seller sells an NFT linked to a digital image of a painting, the buyer gets the right to use the painting, but does not receive the copyright to it. The artist still holds the copyright to the painting.
On the other hand, authors of digital works can use NFT technology to protect their copyrights. By linking their digital work to an NFT, the author can secure their right to the work and ensure that it will not be copied or used without their permission.
Thus, NFTs do not affect copyrights, but on the contrary, can help authors protect their rights to digital works. When selling NFTs, it is important to make sure that the buyer receives the right to use the digital object, but does not receive copyrights to it.
Need help releasing your own NFT collection?
Our company SION has been cooperating with Blockchain list of latest mobile phone numbers resource enthusiasts for several years. This allowed us to jointly develop and implement smart contracts when issuing NFT collections. Important conditions are:
- Confirmation of the fact of first publication;
- Differences in the use of digital content versus material content;
- Conditions for the disposal of copyrights to NFTs;
- Protection terms;
- Protection area;
- Distribution of royalties (copyright fees).
We have placed our unique smart contracts on Github, confirming bj lists the unique right to them. You can order a full range of legal and IT services for the release of an NFT collection, taking into account copyright protection, by contacting us in a way convenient for you.
