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Journal of law and social sciences of the Law Faculty of University J.J. Strossmayer in Osijek = Zeitschrift für Rechts-und Sozialwissenschaften der Fakultät für Rehtswissenschaften der Universität J.J. Strossmayer in Osijek = Journal des sciences juridiq, Vol. 39 No. 3-4, 2023.

Review article

https://doi.org/10.25234/pv/26640

NFTs AND COPYRIGHT – A SPECIAL REFERENCE TO SO-CALLED “ART NFTs”

Iza Razija Mešević orcid id orcid.org/0009-0004-2816-1540 ; Faculty of Law, University of Sarajevo, Obala Kulina bana 7, 71000 Sarajevo, Bosnia and Herzegovina

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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.

Keywords

Intellectual Property Rights; Copyright; Blockchain, NFT; Art NFTs

Hrčak ID:

312965

URI

https://hrcak.srce.hr/312965

Publication date:

29.12.2023.

Article data in other languages: croatian

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