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Ownership of an NFT is, in general,, ownership of the token, no more, no less. The creator of the artwork could legally assign rights to the tokenholder. But t
by acjohnson55 5y ago
Ownership of an NFT is, in general,, ownership of the token, no more, no less.
The creator of the artwork could legally assign rights to the tokenholder. But that would be a special case, and that is extra.
Anyone is free to give privileges to tokenholders of specific contract that they recognize as authentic, but that is not the same as ownership of the artwork.
- herval 5y agoCorrect. Ownership is an ambiguous concept, when you “own” something, it comes with terms of what that “ownership” entails. An NFT is an entry in a ledger that says who owns that entry - it’s a _proof of ownership_, not _ownership itself_. Whether that includes copyright ownership of the artwork, right to modify or distribute, etc, it’s all contractual aspects that are external to the ledger/entry. Smart Contract maximalists may argue it should all be code - and maybe we’ll see more and more becoming code, including TOS, DRM, etc. Maybe one day there’ll be a way to fully model and enforce ownership of a digital object, but I’m not holding my breath for that.