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If the artist sells the same exclusive right to two people, he's committing fraud and could do that without NFTs.
by exporectomy 6y ago
If the artist sells the same exclusive right to two people, he's committing fraud and could do that without NFTs.
- mrborgen 6y agoYes, indeed. My question is if the NFT will be treated as a valid proof of ownership in a legal battle. I’m guessing it would hold some validity, but lose against a well-written sales contract.
- exporectomy 6y agoYou're either transferring ownership of the copyright or not. Hopefully that's clear when they're traded otherwise neither party will have any idea if they're getting completely ripped off or not. If it's not clear then you probably aren't. Though, some countries' copyright laws allow ownership to be transferred without being explicit about it through the (imo yucky) commissioned work exception.
- growse 6y agoWhat if the person who buys the art/NFT off the artist then sells the art to someone else but doesn't sell the NFT?