INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016
Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI)
NFT is a Non Fungible Token. The etymology of the word is from the Latin verb Fungi, i.e, to perform or in the “wider sense”, it is interchangeable. Therefore, it is a token that cannot be exchanged, unlike traditional digital art currencies or cryptocurrencies. NFTs are financial and digital tokens having a monetary value which represents an underlying asset. This could be any digital assets like a tweet any digital work like, songs music, or even other physical forms like artistic paintings.
Can NFTs be brought under copyright?
The definition of Copyright as worded by the World Intellectual of Property Organization (WIPO):
“Copyright (or author’s right) is a legal term used to describe the rights that creators have over their literary and artistic works. Works covered by copyright range from books, music, paintings, sculpture, and films, to computer programs, databases, advertisements, maps, and technical drawings.”
As we know that NFT is a token that represents an underlying asset which should be a literary or artistic work for it to be covered under the copyrights. Therefore, one can infer from the above statement that NFTs per se do not come under the ambit of copyrights but the underlying assets in the NFTs are eligible for copyrights.
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Cite Article:
"NFTs and Copy Right Law", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.7, Issue 12, page no.b40-b43, December-2022, Available :http://www.ijnrd.org/papers/IJNRD2212104.pdf
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2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
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