Why is IP so important with NFTs?

[martinnura]

The issue of Intellectual Property (IP) with regard to NFTs has been hotly debated for quite a while now. And for good reason! As the NFT space is predominantly creator-driven, they ought to benefit from their work. And IP goes a long way in ensuring that. While it is true that a holder may own the NFT, it is important to note that the copyright belongs to the creator alone. With its emphasis on digital ownership, NFT buyers must keep in mind that they own the token only and not the IP to it. This is what makes the question of IP so important to NFTs. How it works is largely dependent on the project. Some give the buyer most rights of ownership when they are bought on an NFT marketplace for digital collectibles, while others may have some restrictions like a requirement that it not be displayed. At the end of the day, IP has a lot of implications in the NFT sector and must be thoroughly understood and regulated.

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