Good overview....
The Tangled Truth about NFTs and Copyright
If code is law, countless NFTs are built on buggy code
By James Grimmelmann, Yan Ji, and Tyler Kell Cornell Jun 8, 2022, in TheVerge
A long-running meme at The Verge is that copyright law is the only functional law on the internet — the entire internet is just made of copies, after all, so copyright law has become the go-to mechanism for everything from fighting harassment to stopping leaks. Confusion about how copyright law works is everywhere — and it’s getting even more complicated in the world of Web3. What does “owning” something on a blockchain mean, when that something is still just a bit of code that can be infinitely copied? Courts and lawmakers haven’t settled the question, and many NFT projects have run into immediate, confounding problems as they have conflated owning an NFT with owning a copyright.
To help, we’ve adapted a guide on copyright and the blockchain from three legal scholars from Cornell University and the Initiative for CryptoCurrencies and Contracts (IC3) — James Grimmelmann, Yan Ji, and Tyler Kell. It explains how courts might actually treat NFTs — and why everyone who buys and sells them needs to take copyright law more seriously. - Adi Robertson and Nilay Patel ... (much more at the link) ...
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