NFTs and copyright: challenges and opportunities

Simple item page
buir.contributor.authorÇağlayan Aksoy, Pınar
buir.contributor.orcidÇağlayan Aksoy, Pınar|0000-0002-4510-5813
dc.citation.epage1126en_US
dc.citation.issueNumber10en_US
dc.citation.spage1115en_US
dc.citation.volumeNumber16en_US
dc.contributor.authorÇağlayan Aksoy, Pınar
dc.contributor.authorÖzkan Üner, Zehra
dc.date.accessioned2022-04-08T11:03:12Z
dc.date.available2022-04-08T11:03:12Z
dc.date.issued2021-06-21
dc.departmentDepartment of Lawen_US
dc.description.abstractBlockchain technology and its applications, such as smart contracts and cryptocurrencies, are in the headlines each day with new uses or products for various sectors. Since March 2021, non-fungible tokens (NFTs) have gained popularity and the sales volume of NFTs has grown tremendously. Time will show if this is a financial bubble that is meant to burst, but it sure has some legal implications. NFTs, being tokens functioning on the blockchain, raise some questions with regard to securities law, property law and contract law. The most highly debated questions are in the area of copyright law. In this article, the problems arising from the creation and sales of NFTs are tackled in light of copyright law, mostly with a focus on the legal qualification of minting and selling, ownership and the consequences of purchasing an NFT. The qualification of minting and selling is uncertain due to the fact that underlying work itself is not stored in the NFT. It will be hard to prevent the creation of unauthorized NFTs if it is concluded that the process of minting and selling is not included within the exclusive rights of copyright. Furthermore, the smart contracts enable creators of an NFT to receive payment for resale of the NFTs without meeting the conditions of a resale right regulated under copyright laws. Although this is not a resale right literally, digital artists reach the same outcome as the use of resale right via NFTs.en_US
dc.description.provenanceSubmitted by Canan Bozkurt (cananbozkurt2104@gmail.com) on 2022-04-08T11:03:12Z No. of bitstreams: 1 NFTs_and_copyright_challenges_and_opportunities.pdf: 184306 bytes, checksum: 8a006c9b56f01d24df68a99b3e03b6e6 (MD5)en
dc.description.provenanceMade available in DSpace on 2022-04-08T11:03:12Z (GMT). No. of bitstreams: 1 NFTs_and_copyright_challenges_and_opportunities.pdf: 184306 bytes, checksum: 8a006c9b56f01d24df68a99b3e03b6e6 (MD5) Previous issue date: 2021-06-21en
dc.identifier.doi10.1093/jiplp/jpab104en_US
dc.identifier.eissn1747-1540
dc.identifier.issn17471532
dc.identifier.urihttp://hdl.handle.net/11693/78125
dc.language.isoEnglishen_US
dc.publisherOxford University Pressen_US
dc.relation.isversionofhttps://dx.doi.org/10.1093/jiplp/jpab104en_US
dc.source.titleJournal of Intellectual Property Law & Practiceen_US
dc.subjectCopyrighten_US
dc.subjectBitcoinen_US
dc.subjectContractsen_US
dc.titleNFTs and copyright: challenges and opportunitiesen_US
dc.typeArticleen_US

Files

Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
NFTs_and_copyright_challenges_and_opportunities.pdf
Size:
179.99 KB
Format:
Adobe Portable Document Format
Description:
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.69 KB
Format:
Item-specific license agreed upon to submission
Description:
Download

Collections

Scholarly Publications - Law