LO: NFTs

I read the Plagiarism Today article which discussed how copyright relates to NFTs. I really like the example used in the article that equates NFTs to limited edition posters. Having an NFT doesn’t mean no one else will have that art, and it doesn’t give the owner permission to use it for everything. An issue right now is that some people are selling art that they don’t have a copyright for. Should this be allowed? NFTs can be a cool source of revenue for artists, but if other people are selling their work that’s theft. Sites are attempting to regulate this kind of problem, but everything is so new and they haven’t had time to catch up. Similarly, courts haven’t implemented any laws around NFTs. Until that happens a huge amount of fraud could occur within NFT trading. Right now people are making a lot of money from NFTs, so it will be interesting to see how this trend continues to evolve.

https://www.plagiarismtoday.com/2021/03/16/nfts-and-copyright/