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That leads to the question what is IP. NFTs may not answer that, but they put a price to it
by cblconfederate 6y ago
That leads to the question what is IP.
NFTs may not answer that, but they put a price to it
- jrochkind1 6y agoNot really. It's not clear to me that any IP in the photo was sold. The OP says "And as is the case with many NFT sales, the Roths also retain the copyright to the image and will make 10 percent off any future sales of the NFT." If you want to buy the copyright to something (or a license to it), you don't need an NFT. There was already a market price put on IP, you don't need NFTs for that. I have no idea what NFTs are for.
- cblconfederate 6y agoNothing, no legal base. This is an unregulateable market, nothing is enforced, but they all participate voluntarily. If a concept of ownership emerges it will be out of consensus not enforcement