Consider this a PSA. The relationship between NFTs and digital works is nuanced. While NFTs fit neatly into existing copyright law, there’s a possibility that these new technologies could alter existing IP protection standards for the better.
“[SpiceDAO] were quickly informed that buying the physical book did not somehow confer to them copyright or licensing rights . You'd think they might have checked that first,” White wrote.. Some noted how buying a rare book isn’t the same as owning its contents. Others erroneously suggested the DAO purchased an NFT of the manuscript, which, of course, also wouldn’t confer ownership of"Dune’s" intellectual property. There is no NFT or plans for one, as far as I can tell.
SpiceDAO is seemingly aware of what it bought and the legal considerations of its plans. After winning the auction, the DAO’s co-founder Soban Saqibit was in the process of transferring ownership for permanent storage, and figuring out how to manage the multiple copyrights for the"bible’s" contents that artists and their estates can lay claim to.
Although the DAO has a governance token that trades on the open market, it’s not clear the group aims to profit from its endeavors. It might bump up against securities rules. And after being forced to rename itself from DuneDAO due to copyright complaints, you can be sure it's aware of certain limitations.NFTs and DAOs are hemmed in by the law as it stands, and are relatively technologically simple things. NFTs are tokens for provenance. That makes it easier to assign value to digital items.
, an overriding belief that people should be able to profit from their labors and collaborate more efficiently.There’s a legal standing that already fits this attitude: open copyright. There’s a growing trend for NFT creators to release their projects as CCO – the least restrictive copyright – so anyone can download, remix, transform and profit from these digital items. The tokens will still have an owner, but the work belongs to all.
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