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

Authors

DOI:

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

Keywords:

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

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.

References

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PROPISI I DOKUMENTI

Direktiva 2001/29/EZ Europskog parlamenta i Vijeća od 22. svibnja 2001. o usklađivanju određenih aspekata autorskog i srodnih prava u informacijskom društvu (2001) OJ L167/10

Europska komisija, Prijedlog Uredbe Europskog parlamenta i Vijeća o tržištima kriptoimovine i izmjeni Direktive (EU) 2019/1937, Brisel, 24. 9. 2020. COM(2020) 593 final <https://eur-lex.europa.eu/legal-content/HR/TXT/HTML/?uri=CELEX:52020PC0593> pristupljeno 21. ožujka 2023.

Zakon o autorskom i srodnim pravima BiH (SG, 63/2010) (BA).

Zakon o autorskom pravu i srodnim pravima Republike Hrvatske (NN, 111/2021) (HR)

PRESUDE I DRUGE ODLUKE

MIRAMAX, LLC vs. Quentin Tarantino; Visiona Romantica, Inc.; and Does 1–50 [2021] United States District Court Central District of California 2:21-cv-08979-FMO-JC [2021], 20 <https://www.thetmca.com/files/2021/12/miramax-v.-tarantino.pdf> pristupljeno 28. travnja 2023. (US)

MREŽNI IZVORI

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Koolen, C ʻ"Apes gone", but what about consumer protection? Applying EU consumer law to the transfer of NFTs’ (CCM Blog, 17. siječnja 2022.) <https://law.kuleuven.be/ccm/blog/?p=289> pristupljeno 27. travnja 2023.

Muzej savremene umjetnosti Republike Srpske, ʻFinalistkinje projekta "NFT for Women"ʼ (Muzej savremene umjetnosti Republike Srpske, 11. ožujka 2023.) <https://www.msurs.net/index.php/sr/dogadjaji-2/aktuelno/900-finalistkinje-projekta-nft-for-women-11-mart-2023-godine> pristupljeno 15. travnja 2023.

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Shaw A, ʻBasquiat drawing to be auctioned as an NFT-and winning bidder will be given the option to destroy the originalʼ The Art Newspaper (27. travnja 2021.) <https://www.theartnewspaper.com/2021/04/27/basquiat-drawing-to-be-auctioned-as-an-nftand-winning-bidder-will-be-given-the-option-to-destroy-the-original> pristupljeno 12. svibnja 2023.

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Published

2023-12-28

Issue

Section

Articles