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Securing Rights to Use Music in an NFT | Legaltech News – Law.com

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COMMENTARY
Some of the most intriguing NFTs provide graphic art with music. In this case, an important legal consideration is the need to clear two sets of rights before adding the music.
September 07, 2022 at 11:00 AM
3 minute read
Intellectual Property
It’s no secret that the cryptocurrency space has taken quite a hit recently. Undeterred by this dip, some observers point to the early days of other technologies as evidence that, after some course correction, the technology will take hold.
Cryptocurrency and non-fungible tokens (NFTs) may likewise experience a similar trajectory. For now, regulatory activities have been fraught with challenges due to the unique nature of cryptocurrency, which has variations that blend aspects of money, stock and commodities, as well as data storage issues. Regulators are basically shuffling their feet while trying to ascertain if and how the government should step in.
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An Open Source activist, who pursues his passion for tech blogging. In early years of his life, he worked as market analyst for a number of companies. Martin has been writing reviews and articles for a local magazine for last five years.