NFTs Can Be Trojan Horse for Buyers; PC Sales Pandemic Surge Continues
On 5/28/21 at 12:02 PM EDT
If Bitcoin lacks fundamentals and is held aloft by the Tinkerbell effect, then Non-Fungible Tokens (NFTs) are art by acclamation.
Bitcoin and NFTs have value despite their apparent detachment from the real world simply because someone is willing to buy them. But an NFT is bound by intellectual property law and doesn t float above what some see as mundane market concerns. Copyright in NFTs is not automatically assigned, Anita K. Sharma, an entertainment attorney and managing partner of Sharma Law in Brooklyn, New York, told Newsweek. The buyer owns the tokens that are in their digital wallet, but not necessarily the artwork associated with the NFT.