In this article we discuss two unusual copyright issues that IP
lawyers would never have had to consider a few years back.
some words on Non-Fungible Tokens
The first story deals with Non-Fungible Tokens
("NFTs") which are, of course, all the
rage and we have written about them in a previous article. In that
article we explained how the term "non-fungible" means
not easily interchangeable, and that the NFT is a form of
crypto-currency that utilises blockchain technology. What this
means is that a new block is created with each transaction, that
apparently makes it tamper proof.
It has seemingly become de rigeur for artists and
musicians to use NFTs for selling art and music. Through NFTs,
works can be tokenised to create a digital certificate of ownership
that can be bought or sold. When it comes to music, articles sold
by musicians include concert tickets (virtual and physical),
previews of unreleased songs, album downloads, physical copies of
limited-edition
