Re:NFT's aren't the answer to the problems of digital art
by atom_arranger on Tuesday November 09, 2021 @09:07AM
(#29161887)
When you take someone to court over a copyright violation having proof that you control a wallet that was the first to have minted an NFT representing the work in question would be one piece of evidence that you may be the original author.
If there is other evidence, e.g. the other party has a YouTube account which uploaded a video years ago of the work, and is publicly known to be the author of the work, then the judge will probably rule the NFT is not sufficient evidence of ownership/you are not the copyright holder.
There is nothing technically stopping people uploading NFTs of things that they don’t own the rights too. That won’t hold up in court though, not even the court of public opinion.
Eg, I recently saw the “Charlie bit my finger” family will sell an NFT of their video. Is there anything stopping someone else from selling NFT’s of other viral videos before their makers do so?
Timestamping would only work for works that are tokenised at the same time as (or prior to) their public release.