“It’s undeniable that [crypto] has given artists a renewed sense of agency over their practices,” artist, lawyer and budding NFT enthusiast Jorge Poveda Yanez said. _franvela reports
He also hosts workshops where he discusses how tools like NFTs can help artists monetize and protect their creations.– even if they are considered to be “unique.” The provision, enacted in the late 1970s to protect original works of authorship, actually created a massive gap in intellectual property law around dance, Yanez said.
Yanez’s course, which took him two years to complete, presented crypto as a tool to monetize movement in order to make up for the vagaries of the law. For artists, non-fungible tokens can be attached to a bit of digital media – from a picture to a video to a song – and used to crowdfund artistic projects or earn money on previously produced works. They also provide new opportunities for fans and artists to engage.
That said, there have been experiments to use NFTs as a form of copyright. For instance, Yuga Labs, the company behind the Bored Ape Yacht Club, allows token holders to build businesses around their NFT’s characters. Andreessen Horowitz, the venture capital firm, has also proposed a copyright-like classification system for NFTs.
“The Congress that passed the Copyright Act of 1976 could not have contemplated dances ‘going viral’ on social media or being replicated by video game characters,” Brassel said. “An updated copyright law should reflect dance’s current place in society.”
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Andy Warhol would have loved (or possibly hated) NFTs – Cointelegraph MagazineWould Andy Warhol support nonfungible tokens' 15 minutes of fame? maxparasol spoke to an art professor, a psychic, and Warhol's biographer to figure it out. (Via CointelegraphZN)
Read more »
Displaying NFTs: How Best To Show Off Your Collection | Binance BlogThe non-fungible token (NFT) market is now worth billions of dollars, and owners of digital artwork are thinking hard about the best ways to display their collections. This article lists seven different ways for people to show off their NFTs.
Read more »
Instagram to let creators make and sell NFTs to fans | Digital TrendsMeta has announced a number of new features for creators on its social media platforms, including one that lets creators make and sell NFTs on Instagram.
Read more »
Meta will allow creators to sell NFTs directly on Instagram | EngadgetMeta will allow some creators to make and sell digital collectibles directly on Instagram, the company announced during its Creator Week event..
Read more »
OpenSea is trying to prevent scammers from flipping stolen NFTsWith automated sales freezes
Read more »
Game of Thrones NFTs latest effort to tempt fans with crypto collectiblesA series of Game of Thrones NFTs joins a flurry of other initiatives aimed at enticing massive fandoms accustomed to shelling out cash for the latest round of branded collectibles.
Read more »