{"id":425,"date":"2022-11-14T15:34:07","date_gmt":"2022-11-14T15:34:07","guid":{"rendered":"http:\/\/78.47.81.216\/?p=425"},"modified":"2022-12-19T09:40:09","modified_gmt":"2022-12-19T09:40:09","slug":"what-the-law-how-to-protect-nft-art-in-the-digital-space","status":"publish","type":"post","link":"https:\/\/blog.ag.qubiq.cc\/?p=425","title":{"rendered":"What The Law? How to protect NFT Art in The Digital Space"},"content":{"rendered":"\n
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Since digital art in the form of NFTs is gaining more and more popularity, Web3 artists are looking for ways to protect their artworks from counterfeit and illegal use. Let\u2019s see what modern law regulations and digital technologies may help to secure NFT copyrights.<\/p>\n\n\n\n

NFT: an object of exclusive rights<\/strong><\/p>\n\n\n\n

NFTs are authentic digital assets which can themselves be art objects, or represent real-world artworks (paintings, sculptures, etc.). All transactions and ownership records connected to a certain NFT are kept in the blockchain.<\/p>\n\n\n\n

The intellectual property (IP) rights belong to the creator of this NFT. Authors may sell their artworks to other individuals, and they obtain the right to possess, trade and exhibit them. However, only the creator can make copies, mint and alter his\/her NFT artworks.<\/p>\n\n\n\n

Types of violations<\/strong><\/p>\n\n\n\n

Unfortunately, NFTs can be easy targets for \u201ccopyfraud\u201d and infringement of the creator\u2019s IP. There are several cases of how the NFT owner\u2019s copyrights can be infringed. In some cases, individuals buy an NFT from its creator, and mint it on another blockchain without the author\u2019s permission, passing it off as their own creation.<\/p>\n\n\n\n

In another case, an individual simply takes a screenshot of an NFT art, then mints it and records himself in the blockchain as the original author. Other violations can include making unauthorized changes into the original artworks, hacking the blockchain, making illegal copies, etc.<\/p>\n\n\n\n

IP in cyberspace<\/strong><\/p>\n\n\n\n

Intellectual and digital rights are protected by the law in most countries of the world. In Europe, the author gets copyright protection from the moment of creation, and 70 years after the death. Also, most jurisdictions rely on the principle of automatic copyright protection. These laws can be applied to resolve disputes in cyberspace, too.<\/p>\n\n\n\n

However, practice shows that the enforcement of these rights isn\u2019t always evident, especially in the digital space. Moreover, it\u2019s far more difficult to identify and charge the violator on the internet. How can you sue a person who is thousands miles away from you?<\/p>\n\n\n\n

Regulation trends in Web3<\/strong><\/p>\n\n\n\n

Still, the digital space has an even larger benefit \u2014 the blockchain. This technology can prevent counterfeiting since it creates ownership rights, and the data on the blockchain is immutable. Blockchain works as a trustworthy, cross-border public database to register works, though the transactions are anonymous and quite hard to track.<\/p>\n\n\n\n

The best way to protect your NFT from copyright violation is publicity. Non-fungible tokens are as unique as the Mona Lisa in the Louvre. No one will believe an individual who claims he has the original painting, because everyone knows it is kept in the museum. The same with your NFT: the more people are aware it\u2019s yours, the less is the chance of copyright violations.<\/p>\n\n\n\n

Conclusion<\/em><\/p>\n\n\n\n

All in all, there is growing interest in NFTs from a copyright perspective, as more and more artworks are being traded as digital tokens. Today we still face a lack of clarity about what you get when you buy an NFT.<\/p>\n\n\n\n

But it\u2019s believed that the blockchain technology will not only become an appropriate tool to register artworks in cyberspace, but also improve this process in real life.<\/p>\n","protected":false},"excerpt":{"rendered":"

Since digital art in the form of NFTs is gaining more and more popularity, Web3 artists are looking for ways to protect their artworks from counterfeit and illegal use. Let\u2019s see what modern law regulations and digital technologies may help to secure NFT copyrights. NFT: an object of exclusive rights NFTs are authentic digital assets […]<\/p>\n","protected":false},"author":7,"featured_media":426,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[38,39],"authors":[37],"class_list":["post-425","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-education","tag-nft","authors-alphaguilty"],"acf":{"reading_time":3},"author-name":"AG Content Manager","suggested-articles":[{"ID":801,"post_author":"7","post_date":"2023-01-11 17:26:27","post_date_gmt":"2023-01-11 17:26:27","post_content":"\n

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If you're just starting out in an NFT <\/strong>field, just getting to know the NFT space,<\/strong> you've probably heard of the term floor price<\/strong> at least once. There is one simple thing to understand here. Because tokens are unique, they are the true digital counterparts of real things, in particular works of art. These tokens also bring order - since digital objects can be copied indefinitely, NFT <\/strong>secures ownership of them. An NFT <\/strong>is a confirmation that the digital file is indeed the original. But how does this relate to the understanding of floor price<\/strong>?<\/p>\n\n\n\n

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Each such token is unique, with specific characteristics that make it uncommon or in demand. But because of these characteristics, it can also be difficult to determine the exact worth of an NFT<\/strong>. So why do we need the floor price of an NFT<\/strong>? <\/p>\n\n\n\n

Tangible works of art and other physical items on the market have a set worth, but during the purchase of tokens, crypto enthusiasts may find it difficult to estimate the real value. It is in such situations that the NFT floor price<\/strong> indicator comes in handy. So, today we will discuss the price floor<\/strong> for NFT <\/strong>in more detail and how you can use it.<\/p>\n\n\n\n

If you want to learn even more about NFTs - check out this ultimate guide<\/a> to them by our CEO, Mykhailo Sitalo!<\/p>\n\n\n\n

Starting with the basics: what is a floor price<\/strong>?<\/h2>\n\n\n\n

In fact, it's very simple. Let's break down the floor price<\/strong> term in order and give a simple example:<\/p>\n\n\n\n