What are you going to buy by purchasing NFT?

Who owns the NFT?

Frequently Asked Questions About No False Markers or NFT What Are the Benefits of NFTs? Have you acquired your intellectual property or do you have the right to say “I have this”?

Dorian Banks, CEO of development company NFT Watch Glass Labs, said some NFT authors believe smart devices are connected to NFT, unless the developer or vendor specifies otherwise. “In the NFT business, people think NFT is really yours and they can do whatever you want unless it explicitly says they have agreed or you can't do it. "

The idea is that users buy NFTs in order to increase their value and restore the structure of the music, creating a feeling of public interest in the project.

NFT intelligence processes have not yet been developed. However, it is true that the design and expectations of NFT users differ from the world of theater or design.

Larva Labs is the developer of one of the first NFTs, CryptoPunks, and has no additional infrastructure for NFTs. You appear to have used something called NFT licenses, which allow NFTs to be used for "personal, non-commercial" purposes. This does not include the sale of 1 million t-shirts with "You" on CryptoPunk.

Larva Labs has entered into an agreement with United Talent Agency to sell CryptoPunks and two other NFT series for film, television, video games and other licenses. Matt Hall, co-founder of Larva Labs, says the deal will help increase the overall value of CryptoPunks, but does not appear to have any direct financial connection. This means that cryptopunk buyers can watch their punks on TV, but without paying for them. Dapper Labs has a licensing agreement with the NBA and is entitled when customers purchase NFT Top Shot Basketball.

It's logic. If you buy other works of art in the real world, by default you are not giving them the rights to the intellectual property rules. One cryptocurrency trader said that while digital purchases may seem unreliable, intellectual property shouldn't be expected.

This makes some writers unhappy. Many believe that homeowners should be able to do whatever they want with NFTs, including benefiting from it.

Some NFT editors, such as the popular Boring Ape-Man Yacht Club, claim that NFT owners “all” NFT owners. The owner made a movie with the monkeys. KINGSHIP, a virtual group of boring four men, signed a special contract with Universal Music Group. Another owner puts in some beer. And artist Dan Rollman (Dan Rollman) made a cartoon with a boring orange. “I started creating value on my own without waiting for the developers to add value to my NFT,” he said on the Twitter ad flyer.

However, Yuga Labs, the founder of Bored Ape, does not allow the use of the "name, logo or brand" of Bored Ape. Yuga says Arizona Tea uses it incorrectly. That is, you can use your own good monkeys, but not your boring monkeys. Yuga Labs has promised President Guy Oseary to expand into film, television and other formats.

Many NFT projects use the Creative Commons CC0 license, which gives the owner almost all NFT rights.

Note that the NFT smart management contract can be drafted in several ways, from a one-off sale that facilitates the exchange of all rights, in order to continuously distribute the income from the design of the original author and the process. the owners.

Conclusion: There is currently no consensus on the intellectual rights needed for DTVs.

Companies must manage these different expectations. Nike, which has filed a patent on the shoes on the blockchain, announced Monday its takeover by NFT and fashion startup RTFKT. Online response to come.

On Twitter, NFT connoisseurs complained that RTFKT's recent NFT pricing plans did not address intellectual property rights until NFT was sold. Most NFTs allow businesses to spend up to $ 1 million, but some NFTs rarely have the legacy of advertising.

Dissatisfaction seems to be a more obvious problem than the rules themselves. A bank employee said: “If there is no transparency in the NFT communities, you will have problems. Each community talks about transparency. It is not about business management, but about people management. "

The issue of NFT policy has arisen in the payment creator debate. These issues are not only discussed in the cryptocurrency cycle, but also affect other design services such as Patreon, OnlyFans, and Substack. This is a debate on whether manufacturers should stand up for their rights or whether owners of NFTs should be rewarded for their participation and support for these NFTs. Expect these issues to heat up as NFTs enter the larger world of manufacturers.