He touches on key issues in NFT marketplace user agreements licenses and copyright ownership considerations.

Non fungible token intellectual property. Intellectual property issues of non-fungible tokens. They are bought and sold online and uniquely encoded with the same underlying. In some cases NFTs are simply digital representations of these real world items in others they represent purely digital assets that have no physical counterpart.

First some background on NFTs. What is an NFT. First some background on NFTs.

As the New York Times explains An NFT is an asset verified using blockchain technology in which a network of computers records transactions and gives buyers proof of authenticity and ownership. Whats a Non-Fungible Token NFT and is it a form of intellectual property IP. Like cryptocurrency NFTs have taken the world by storm.

The Intersection of Intellectual Property and NFTs By. An NFT is an interesting concept with regards to intellectual property here we explore whether NFT-related innovations can be protected with IP rights. They essentially serve as a form of digital property similar to owning land real-estate artwork or rare collectibles.

Intellectual Property attorney Daniel Barsky authored a Practical Guidance article for LexisNexis discussing some of the novel legal issues that non-fungible tokens NFTs raise in the area of intellectual property law. Non-fungible Tokens and Intellectual Property Law. Barsky Holland Knight LLP Daniel Barsky Holland Knight LLP This article discusses some of the novel legal issues that non-fungible tokens NFTs raise in the area of intellectual property law including key issues in NFT marketplace user agreements licenses and copyright.

Non-Fungible Tokens are simply digital files given a unique cryptographic identity and stored on a blockchain. Renowned pillars of the Internet we know today including the creators of Twitter and the iconic Nyan Cat are sealing their mark in history by putting commemorative items up for sale in the NFT realm. The First 5000 Days a non-fungible token NFT made with a combination of 5000 digital images created by a digital artist known as Beeple was sold for US693 million in an auction house.