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Large NFT initiatives mislead consumers about intellectual property rights

Large NFT initiatives mislead consumers about intellectual property rights
  • The report “NFT Licensing Survey: Facts and Fictions” was released Friday.
  • Other programs that impose marketing hurdles include doodles.

The opportunity to make money off an individual’s avatar by making derivative artwork, marketing, and other key selling factors for some of the NFT initiatives. However, a recent Galaxy Digital investigation reveals that large NFT initiatives may “mislead” consumers about what they are really earning about their intellectual property rights.

The report, “Survey of NFT Licensing: Facts and Fictions,” released Friday, analyzes current major NFT projects based on inferred market value, specifically in terms of the rights they claim to grant to their owners.

Declaration of inappropriate intellectual property rights

The article states that “the vast majority of NFTs transfer zero intellectual property” to their respective owners and uniqueness Bored Monkey Yacht Club And the moon birds As two projects Galaxy researchers believe improperly advertised consumers’ intellectual property rights.

Analysis indicates that some NFT initiatives are more liberal with their IP than others. Perhaps the most famous example of a project that gives holders broad permission to use their Ethereum NFT images as they see fit is the boring monkeys from Yuga Labs.

Other programs that pose obstacles to marketing include doodles, which research states restrict the ability to alter original artwork and limit the amount of cash that can be made from derivative works.

Other initiatives take a “No Copyright” stance, or Creative Commons Zero (CC0), allowing anyone to use artwork in their derivative works, not just those with a valid NFT. Perhaps the most famous example of this is the names, and Moonbirds will soon adopt this license.

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