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ARTICLE · 28 NOVEMBER 2022

ICYDK: Music NFTs Also Generate Royalties

Frankfurt Kurnit Klein & Selz PC
Frankfurt Kurnit Klein & Selz PC
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Frankfurt Kurnit Klein & Selz PC

Frankfurt Kurnit Klein & Selz PC

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The newest case against American DJ 3LAU is very timely, with "music NFTs" becoming a growing trend in the music industry.

United StatesIntellectual Property

The newest case against American DJ 3LAU is very timely, with "music NFTs" becoming a growing trend in the music industry.

"Music NFTs" and Copyright Law. As a refresher, an NFT is a unique cryptographic or blockchain-based asset linked to another asset or piece of content such as digital artwork, a ticket, or a musical album. To give an analogy, purchasing a so-called "music NFT" is like purchasing a physical CD from a music store (though artists typically offer NFT holders additional benefits or utility, such as early access to music releases and VIP concert tickets). This comparison is especially important as more songwriters, artists, publishers, and record labels choose to release music through NFTs. Under copyright law, typically the author of a particular work has the exclusive right to reproduce that work. Accordingly, whenever a composition or master is streamed, downloaded, stored on a vinyl record, or even printed as sheet music, it implicates

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This post first appeared in Frankfurt Kurnit's Focus on the Data blog (www.focusonthedata.com). It provides general coverage of its subject area. We provide it with the understanding that Frankfurt Kurnit Klein & Selz is not engaged herein in rendering legal advice, and shall not be liable for any damages resulting from any error, inaccuracy, or omission. Our attorneys practice law only in jurisdictions in which they are properly authorized to do so. We do not seek to represent clients in other jurisdictions.

Originally published by the New York Legal Ethics Reporter

www.fkks.com

This alert provides general coverage of its subject area. We provide it with the understanding that Frankfurt Kurnit Klein & Selz is not engaged herein in rendering legal advice, and shall not be liable for any damages resulting from any error, inaccuracy, or omission. Our attorneys practice law only in jurisdictions in which they are properly authorized to do so. We do not seek to represent clients in other jurisdictions.

www.fkks.com

This alert provides general coverage of its subject area. We provide it with the understanding that Frankfurt Kurnit Klein & Selz is not engaged herein in rendering legal advice, and shall not be liable for any damages resulting from any error, inaccuracy, or omission. Our attorneys practice law only in jurisdictions in which they are properly authorized to do so. We do not seek to represent clients in other jurisdictions.

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