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October 11th, 2022
NFTs and Intellectual Property: What Do You Actually Own?
Blockchain Technology Co-Chair Jeremy S. Goldman is quoted in the article, “NFTs and Intellectual Property: What Do You Actually Own?” published by CoinDesk. The article discusses how non-fungible token holders are looking for new ways to monetize their digital collectibles and how creators of those NFTs are seeking ways to define what collectors can and can’t do with their original artwork. Jeremy is quoted saying, “Copyright is always an ‘opt-in’ structure, meaning that NFT artists can choose whether to specify what buyers of their artwork can do.” While some NFT creators don’t explicitly outline an intellectual property license, Jeremy says, “Not specifying an IP license operates as a personal license by default.” Explaining that if an NFT project doesn't specify its IP license, it is safest for a buyer to assume that they do not own the intellectual property rights and that their use of the NFT is restricted to personal only. He adds, “For a lot of the one-of-one projects, artists are not super thrilled about letting people just go out and make use of their artwork.”
Jeremy concludes by saying, “There’s ‘a lot of mythology,’ surrounding NFT IP licenses, and there is often a misunderstanding buried within the terms of the agreement – or a lack thereof. Unless [artists] say something out loud or put something in writing, no one gets any rights until they say otherwise.”
Read the full article here.
Other Quoted
The Television Academy’s Second Annual AI Summit Pushed Calm—and Concern
IndieWire quotes Andrew Folks who spoke on a panel of legal experts at the Television Academy’s AI Summit at the Saban Media Center in North Hollywood. The speakers addressed AI's impact on the industry and talent. Mr. Folks stated that privacy and copyright laws “are grappling” to address AI. He explained regulatory actions, and the application of copyright law. He also discussed litigation, including how OpenAI and Google in a government proposal argued that fair use protections apply to all copyrighted material used for AI purposes. The article noted, "over 400 A-List Hollywood power players condemned such an action." View Article
March 21 2025
ICAS Announces Winners of the 2025 Global Awards at Annual Meetings in Mumbai
ICAS quotes Jeffrey A. Greenbaum on the importance of advertising self-regulation in protecting consumers and guiding brands on best practices in advertising. An international independent jury of self-regulatory experts chaired by Jeff chose six winners that contribute to responsible marketing practices and a more effective and impactful self-regulatory system. View Article
March 18 2025
Vegas Lights, Industry Nights, and the Future of Games
DICE quotes Sean F. Kane on the legal implications of generative AI in video games, including intellectual property uncertainty, privacy and data risks, and shifting platform policies.
March 17 2025
