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ARTICLE · 04 NOVEMBER 2022

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Protecting Your NFT Assets – Why NFT Licensing 'Can't Be Evil'

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Despite the burgeoning popularity of Non Fungible Tokens (‘NFTs') and the NFT sellers' market over the last 24 months, there is a lag in market understanding...

United KingdomTechnology
Richard Stebbing
Richard Stebbing
Richard Penfold
Richard Penfold
Harvey Knight
Harvey Knight
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Despite the burgeoning popularity of Non Fungible Tokens ('NFTs') and the NFT sellers' market over the last 24 months, there is a lag in market understanding (at least amongst purchasers) as to what they can do in relation to the digital art, music and other media rights ('NFT Content') they may have purchased (or not) and the relevant licensing considerations in relation to the IP rights that may attach to their NFT purchase.

This lack of market understanding is further compounded by the NFT licence often being kept off-chain (eg in a marketplace platform's standard terms) which can make such terms difficult to access and/or subject to change to less favourable terms at a later date.

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