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ARTICLE · 24 NOVEMBER 2023

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Navigating NFT Legality: Copyright Complexities In India

Khurana & Khurana, Advocates and IP Attorneys
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Non-Fungible Tokens (NFTs) are digital markers verifying ownership of online creations like art and music, operating on blockchains.

IndiaIntellectual Property
Ipsita Sinha
Ipsita Sinha
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Meta Description: Non-Fungible Tokens (NFTs) are digital markers verifying ownership of online creations like art and music, operating on blockchains. They're distinct from cryptocurrencies but share blockchain technology. In India, NFT legality lacks clarity, raising sustainability concerns. NFTs are sold via specialized platforms using smart contracts, binding buyer and seller under Indian law. Copyright issues arise as NFT ownership doesn't grant copyright. Navigating copyright law complexities, especially when NFTs are based on copyrighted works, presents challenges. The space may encounter copyright disputes, though platforms act as gatekeepers. The evolving interplay between NFTs and copyright remains a complex, unresolved frontier.

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