'NFT Copyright Protection for Beginners' by parantapah nft futureofnfts
seeing some of the highest number of sales. While cryptocurrencies and blockchain were mostly seen as things “nerds” take an interest in, NFTs are for everyone. With several celebrities adopting NFTs to roll out their art and music, it only makes sense that people want to hop onto this ship in time. They may have been late for Bitcoin, but why be late for NFTs?has generated more interest than any other innovation in the blockchain space in the last year.
The social contract is enforced by the creator and is not on-chain. That is not to say that it can’t be on-chain, but most of the NFTs we see on marketplaces today have off-chain legal contracts backing them. The value attributed to an NFT rests with the community supporting it. As is the case with any work of art, its valuation is based on how people see it, how much they think it is worth. So is the case with an NFT.
Whether they buy the copyright or not, and what type of rights they buy depends on the platform. This part is fuzzy to many people dabbling into NFTs. Many NFT platforms that are mushrooming do not allow transparency in terms of what rights the artist is selling, and the buyer is buying. Both, the creator and the buyer are often in the dark. Ideally, a creator should be able to select the rights they want to sell.
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