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The Realities of NFT Ownership: Rights, Digital Asset Components and Blockchain Implications
The Realities of NFT Ownership: Rights, Digital Asset Components and Blockchain Implications
NFT ownership offers unique opportunities in digital asset ownership but comes with significant ... [ ] risks and limitations.
Owning an NFT grants a blockchain-recorded claim to a digital item, enabling its sale, trade or transfer. However, "ownership" in the NFT context differs from traditional property rights.
NFT ownership doesn't automatically confer copyright or intellectual property rights to the underlying work. The buyer usually receives limited usage rights, while the creator retains copyright. Some NFTs offer more extensive rights, but this varies case by case.
The digital asset linked to the NFT typically isn't stored on the blockchain due to size constraints. Instead, the token contains a link to the asset stored elsewhere, raising questions about long-term accessibility.
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