Non-Fungible Token (NFT) in the Perspective of Intellectual Property Rights in Indonesia

Abstract

Non-Fungible Token (NFT) is a new thing in Indonesia, as something new it is full of problems regarding the legality of NFT in Indonesia. Furthermore, when it comes to Intellectual Property Rights (IPR), is NFT an IPR and does it receive legal protection? This problem will be discussed in this study, using normative juridical research methods. Based on the research results, it is known that NFT is a digital asset that can be authenticated in order to create digital ownership certificates where these certificates can be traded. This NFT can be protected as intellectual property rights because in fact NFTs are works of art that are encrypted into the blockchain network. Because NFTs are works of art, works of music, videos, game items, etc. that are encrypted into the blockchain network, NFTs are often associated with copyrights.