• There seems to be a very large misconception about NFT ownership and the intellectual property rights that are attributed with/to them.

    One very important fact that every NFT buyer needs to know and understand when purchasing an NFT, is that they do not own the original digital asset. The artist/creator owns and retains all creative, copyright, and intellectual rights. The artist has the right to mint more NFTs of the same asset, the artist can produce prints and can sell derivatives of the work. The artist also has the right to forbid the NFT owner from publicly displaying the digital asset, from using it in any media, print, commercial… publications. And most importantly, the artist can sell the rights (copyright) to somebody else, and they in turn can change the rights that they will provide to NFT owners.

    So, in situations where an artist who sold a successful NFT is short on funds. They can mint another NFT and put it up for sale. This in turn will devalue the original NFT and create doubt and unreliability on of the NFT tech.

    The term non-fungible-token specifically defines that the item has no intrinsic value and that it does not hold any special rights or privileges with it. It is just a very specific "token" that has a limited use case in a closed and controlled environment (Ethereum).

    I am providing a list of some articles that specifically discuss this topic and explain in proper legalese the details of intellectual property rights associated with NFTs.