this post was submitted on 27 Aug 2024
89 points (89.4% liked)

Technology

59390 readers
2539 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
89
“Should art be regulated by the SEC?” NFT artists file lawsuit (arstechnica.com)
submitted 2 months ago by [email protected] to c/[email protected]
50 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 24 points 2 months ago* (last edited 2 months ago) (11 children)

It's not even that.

There is a huge lack of insight into who owns the copyright of an NFT. This confusion likely stems from the fact that an NFT comprises two things: (i) the identifiable, non-fungible, non-replicable, and transferrable cryptographic asset recorded on the blockchain, and (ii) the creative content. The creative content is separate and distinct from the actual asset recorded on the blockchain. As such, the person or entity that created the creative content owns the copyright. The content creator continues to own the copyright, even if the NFT is sold to someone else. It’s analogous to Jeff Koons selling artwork he created—Koons can sell the art to one person to hang on their wall, but since Jeff also owns the copyright, he can sell that same artwork as an image on t-shirts.

https://bpp.msu.edu/magazine/nfts-what-you-need-to-know-to-protect-copyrights-june2022/

NFTs are literally just URLs, pointlessly stored on "the blockchain". URLs that point to servers which can be switched off at any moment.

[–] [email protected] 6 points 2 months ago (10 children)

wait, what are you even buying then?!

I thought (i) at least served as a proof of ownership for (ii)...

load more comments (8 replies)
load more comments (8 replies)