HomeTechnologyThe legal uncertainty that...

The legal uncertainty that plagues NFT sales contracts

Never sign a contract without reading it. This golden rule also applies to new digital objects, NFTs (Non-Fungible Tokens). A study conducted by the company Galaxy shows that NFT buyers do not always get what they expect. Their teams reviewed the buying conditions developed by the top 25 NFT traders. They were particularly interested in Yuga Labs, creator of the famous Bored Apes, monkey icons that sell for several hundred thousand dollars.

The results of this investigation are clear. “The vast majority of NFTs do not transfer any intellectual property rights”. Many vendors including Yuga Labs “NFT buyers appear to have been misled” regarding the extent of their rights. What customers therefore view as a purchase ultimately turns out to be a simple license agreement. “Talking about license diminishes rights”analyzes intellectual property law teacher-researcher Alexandra Mendoza-Caminade

Source: Le Figaro

- A word from our sponsors -

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

- A word from our sponsors -

Read Now

The cheat sheet with the package package was imprisoned from NMT -ucoko

The Bulf with the multiplication table was found in one of the violators of the national dough for a large volume (NMT). .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } ...

In Kyiv, the work on the storage of the accident was completed on the MESTE of the Russian strike

In Kyiv, emergency work was carried out at the site of Russian shelling in the Shevchenkivsky area, where nine people took the Russian rocket on June 23. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action:...

In Germany, Russians, parking with army carriers Bundesver

In Germany, the Russians set fire to parking with army trucks of the Bundeswehr on one of the military facilities in Erfurt. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } ...

The DPRK can send more to Russia in Russia – CEO of SEULE

The DPRK can send even more troops to Russia - probably in July or August. South Korea reported. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } Reuters reports. ...