IP rights in NFT
Any creative endeavor is capable of being monetized just in the form of “NFTs”. Record prices are being reached for the sale of NFTs. Talking about IP rights in NFT, the questions you should ask are: What is NFT? How are they created? Why are they so valuable? What does the buyer benefit? What rights do they confer? And finally, what does it have to do with IP rights? Background of NFT Let’s take you back to when NFTs started to exist. NFTs have been around since as early as 2012 just that people don’t know about it, and it gained Popularity in the crypto space in 2017 when a company, Called Dapper Labs, started selling NFTs linked to unique digital cat cartoons known as CryptoKitties and people went crazy for these cute digital kitties. People started joining the NFTs space around 2020, that was when it became really famous. What is NFT? You can easily say that NFT is a non-fungible token, but there is more to it than just non-fungible token. In other words, NFT is a blockchain-based ...