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In a decision that could have wide reverberations on the internet, the U.S. District Court for the Southern District Court of New York granted summary judgment in favor of book publishers...
[co-author: Bailey Davall] Non-fungible tokens (or “NFTs”) are expanding rapidly into the mainstream in new and creative ways, behooving us to learn more about them. An NFT is a digitized, authenticated “token” that is linked to a digital asset. NFTs may act as certificates of authenticity, receipts of purchase, or actual property. An NFT can be associated with a document, a media file, a URL, a digital photo, or any conceivable digital file-type. Recent news of NFTs of art, music and similar content are reaching the public eye and ear as buyers pay high prices to acquire them. Becaus...
To embed, copy and paste the code into your website or blog: Nonfungible tokens (NFTs) are the latest cryptocurrency craze. These one-of-a-kind-collectibles have dramatically risen in popularity and have penetrated mainstream marketplaces. Since NFTs are often associated with images, videos, music, and other content, the relevance of copyright law is critical to this evolving marketplace, and it likely will take time to learn exactly how copyright law will apply to this new technology under different circumstances. Recently, an NFT of artwork by the digital artist Beeple sold at Christie’s ...