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Here's the thing most people on Hackernews have missed. Owning an NFT does not usually mean you own the copyright to the image, and this is a good thing. It's
by dbspin 6y ago
Here's the thing most people on Hackernews have missed. Owning an NFT does not usually mean you own the copyright to the image, and this is a good thing.
It's not introducing artificial scarcity, its purchasing collectable bragging rights that allow an artist to 'monetize' their work, while retaining the copyright.
Here's the relevant line from the Rarible TOS
"In the absence of an express legal agreement
between the creator of a Collectible and purchasers of the Collectible, there cannot be any guarantee
or assurance that the purchase or holding of the Collectible confers any license to or ownership of
the Collectible Metadata or other intellectual property associated with the Collectible or any other
right or entitlement, notwithstanding that User may rightfully own or possess the NFT associated
with the Collectible. "
Link - https://rarible.com/terms.pdf https://rarible.com/terms.pdf
Here's one example of an attempt to standardise this contract - https://www.niftylicense.org/ https://www.niftylicense.org/