Executive Summary
Traditional Non-fungible Tokens (NFTs) failed to address the reality of copyright laws. NFTs remain centrally owned: founders retain intellectual property rights. This centralization creates regulatory vulnerabilities and unclear rights structures, undermining the core principles of decentralization.
This article examines how copyright law governs NFTs and analyzes current licensing approaches. It introduces User-Generated NFTs (UG-NFTs) as both a legal and technical innovation. By making token holders the creators—and thus copyright owners—of their NFTs, UG-NFTs align blockchain technology with established intellectual property frameworks.
While challenges remain, UG-NFTs offer a new perspective on decentralized digital asset ownership, applicable even beyond the blockchain space.
Continue reading “User-Generated NFTs: A Legal Innovation for Decentralized Intellectual Property Ownership”