Non-fungible tokens (NFTs) became a hot topic and a potential
cause of panic for many IP owners at the beginning of the year.
Could the arrival of NFTs and the growth of the virtual herald a
revolution for IP rights, asks Aurelie Guetin.
NFTs are digital files that possess a digital certificate of
authenticity. They can be any kind of file from photos to videos
and even pieces of music. As a unique form of property, they can be
exchanged for financial payment, just like physical (or tangible)
property. The difference is that they are works that you can never
hold physically in your hand.
In June 2021, for example, an artist known as Beeple sold a piece of digital art for $69.3 million
sparking the imagination of digital professionals around the globe.
Since then, many NFT projects have emerged, including a
blockchain-based lottery and an immersive adventure game by Ben
Mauro, the creator of Huxley, an NFT comic book series.
