What Exactly Do You Get When You Buy an NFT? Three Lawyers Discuss
In this episode, they discuss:
0:00 - Welcome to Unchained.
1:25 - How the law looks at non-fungible tokens.
3:12 - Why owning an NFT is different from owning the rights to the underlying asset making up the NFT.
5:09 - Problems that blockchain solves for creators.
6:53 - How corporations (aka content intermediaries) are handling NFTs.
11:51 - What rights the purchase of an NFT gives a buyer.
15:53 - Derivative artwork, the fair use copyright law, moral rights, and how U.S. law views NFTs.
25:00 - How to determine the jurisdiction of an NFT.
32:37 - What type of legal recourse is available to artists whose art has been stolen and redistributed as an NFT.
36:26 - The differences in the terms of services between NFT marketplaces.
43:16 - Why the first sale doctrine may not apply to digital assets.
46:12 - What a buyer is getting when purchasing a blockchain license.
51:43 - How NFT creators should protect their work.
55:25 - Whether a fractionalized NFT is a security.
58:44 - How NFTs will change the business of content creation.
The episode was published on March 30, 2021.