NFTS AND COPYRIGHT – A SPECIAL REFERENCE TO SO-CALLED “ART NFTS” Cover Image

NFT-ovi I AUTORSKA PRAVA – POSEBAN OSVRT NA TZV. “UMJETNIČKE NFT-ove”
NFTS AND COPYRIGHT – A SPECIAL REFERENCE TO SO-CALLED “ART NFTS”

Author(s): Iza Razija Mešević
Subject(s): Civil Law, Law on Economics, Sociology of Art
Published by: Pravni fakultet Sveučilišta Josipa Jurja Strossmayera u Osijeku
Keywords: Intellectual Property Rights; Copyright; Blockchain; NFT; Art NFTs;

Summary/Abstract: The paper deals with the phenomenon of non-fungible tokens (NFT), and its particular focus is on the so-called “Art NFTs”, and on the legal demystification of the superior attributes assigned to these tokens. The paper addresses a number of issues. Firstly, it examines the legal and technical possibility to actually create a “digitally unique” piece of author’s work. Secondly, it explores the acquisition of ownership and copyright in the work of art, to which the NFT referres to, during the process of creation and transfer of that NFT. Finally, the paper scrutinizes the topics of copyright violations, which may occur while minting the tokens and of the destruction of the physical original of the tokenized work. The paper also deals with two relevant cases from practice (Miramax, LLC v. Tarantino and Free Comb With Pagoda, J.M. Basquiat), which illustrate how the so-called “Art NFTs” collide with copyright principles.

  • Issue Year: 39/2023
  • Issue No: 3-4
  • Page Range: 147-162
  • Page Count: 16
  • Language: Croatian