NFT, copyright and intellectual property commercialization

Abstract

Abstract The invention of disruptive technologies broadens the horizon of opportunities for intellectual property owners. The very idea of selling copyright works in a digital space and using the same to form a digital currency is disruptive. This is one opportunity Non-Fungible Token (NFT) offers. But that disruptiveness raises certain questions and provoke the consciousness to wonder if NFTs are a form of intellectual property, or whether NFT would shift the paradigm of copyright law as we know it. Governments through her agencies are also caught in the unrestlessness of deciphering what NFT means and whether it holds any value for intellectual property. This article will address the relationship between NFT and copyright, the forseeable problems and solutions, and how NFTs are channels for intellectual property commercialisation.