How Intellectual Property Rights Can Complicate NFT Market – Law360

Law360 (August 17, 2021,  5:26 PM EDT) -- Over twenty years in the past, Lawrence Lessig famously declared that "code is legislation,"[1] a maxim that finds contemporary relevance with nonfungible tokens, or NFTs, for digital art work and different mental property capturing headlines not too long ago.

Current extremely publicized gross sales embody $69 million paid for an NFT related to a bit of digital artwork titled "Everydays: the First 5000 Days" bought by public sale home Christie's on behalf of Mike Winkelmann, the artist extra popularly often known as Beeple;[2] $2.9 million paid for an NFT of Jack Dorsey's first tweet on Twitter;[3] and $5.4 million paid for supply code initially used to create the World Huge...
                    
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