WebsCryptoWebsCrypto
  • News
  • Prices
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Markets
  • Business
  • Opinions
  • Guides
  • PR
  • Sponsored
WebsCryptoWebsCrypto
Advertise
  • News
  • Prices
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Markets
  • Business
  • Opinions
  • Guides
  • PR
  • Sponsored
WebsCryptoWebsCrypto
WebsCrypto—News—NFT News—Report: Most NFT Holders Will Not Own the IP of the Assets They Purchased
NFT News

Report: Most NFT Holders Will Not Own the IP of the Assets They Purchased

By WebsCryptoAugust 25, 2022
Report: Most NFT Holders Will Not Own the IP of the Assets They Purchased
Facebook Twitter Telegram LinkedIn Reddit WhatsApp Email

According to a report released by Galaxy Digital Research called “NFT Licensing Survey: Fact and Fiction”, the vast majority of NFT holders will not own the IP of the assets they purchase.

The report states that many publishers, including the largest, Yuga Labs, appear to be misleading NFT buyers about the intellectual property of the content they sell.

Of the top 25 NFT projects by market capitalization surveyed by Galaxy Digital, only one was found, World of Women (WoW), which attempted to license intellectual property to its NFT buyers.

Creative Commons licensing, although seen as a solution to the restrictive licensing used by most projects, is obsolete from a legal point of view as it moves IP completely into the public domain, making it impossible for NFT holders to go to court defend its ownership.

The report said that the broad vision of Web3 will not be realized without improving on-chain performance and transferring intellectual property from NFT issuers to NFT holders.

Alex Thorn, head of research at Galaxy Digital, told CoinDesk that most NFT authorizations currently on the market can be changed, revoked or modified at any time for absolutely no reason, even without notifying the NFT holder.

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
Related News
Hermes vs MetaBirkin: Trademark Dispute Over NFT Art Headed to Court in NYC
NFT News January 31, 2023

Hermes vs MetaBirkin: Trademark Dispute Over NFT Art Headed to Court in NYC

Japan's National Tax Agency releases guidelines for taxing NFT transactions including blockchain games
NFT News January 16, 2023

Japan’s National Tax Agency releases guidelines for taxing NFT transactions including blockchain games

Former President Trump's NFT Prize Collection Generates $53K in 24-Hour Sales on Secondary Markets
NFT News January 13, 2023

Former President Trump’s NFT Prize Collection Generates $53K in 24-Hour Sales on Secondary Markets

Nike's NFT Brand RTFKT CEO Loses Almost $200,000 in NFTs in Phishing Attack
NFT News January 9, 2023

Nike’s NFT Brand RTFKT CEO Loses Almost $200,000 in NFTs in Phishing Attack

Mexican Central Bank Digital Currency Unlikely to Launch by 2024
Market News January 9, 2023

Mexican Central Bank Digital Currency Unlikely to Launch by 2024

Bankman-Fried Fights for Control of $460 Million Robinhood Shares, Claiming They're Necessary for Criminal Defense
Business News January 9, 2023

Bankman-Fried Fights for Control of $460 Million Robinhood Shares, Claiming They’re Necessary for Criminal Defense

The Latest
Supreme Court To Decide on Panamanian Crypto Bill After Congressional Rejection
Market News February 1, 2023
Supreme Court To Decide on Panamanian Crypto Bill After Congressional Rejection
The Fair Market Value of Bitcoin Held by Tesla in 2022 Is $191 Million, and the Impairment Loss Is $204 Million
Bitcoin News February 1, 2023
The Fair Market Value of Bitcoin Held by Tesla in 2022 Is $191 Million, and the Impairment Loss Is $204 Million
Bitcoin Surges to New Highs, Best January in a Decade
Bitcoin News February 1, 2023
Bitcoin Surges to New Highs, Best January in a Decade
Hermes vs MetaBirkin: Trademark Dispute Over NFT Art Headed to Court in NYC
NFT News January 31, 2023
Hermes vs MetaBirkin: Trademark Dispute Over NFT Art Headed to Court in NYC
Australian Regulator Warns Against FTX Exchange Eight Months Before Its Collapse
Business News January 31, 2023
Australian Regulator Warns Against FTX Exchange Eight Months Before Its Collapse

WebsCrypto contains crypto news about cryptocurrencies, bitcoin, ethereum, altcoins and more.

Facebook Twitter Instagram LinkedIn Telegram RSS
News
  • Bitcoin News
  • Ethereum News
  • Altcoin News
  • NFT News
  • Market News
  • Business News
Information
  • Opinions
  • Guides
  • Press Release
  • Sponsored
Services
  • About Us
  • Contact Us
  • Advertise
© 2023 WebsCrypto.
  • Privacy Policy
  • Terms of Service

Type above and press Enter to search. Press Esc to cancel.