NFT WARNING! | Lawyer Explains SERIOUS Problems With Non-Fungible Tokens
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- Опубликовано: 28 июн 2024
- WAIT! Before you buy your 1st NFT (Non-Fungible Token) WATCH this video to learn about SERIOUS LEGAL ISSUES with NFTs and NFT law. You do not want to be in an NFT lawsuit. In this lawyer explains nfts video, I give you NFT basics and then discuss problems with NFTs that you need to know about. Yes, NFTs will explode in value! But, if you don’t understand the LEGAL problems with NFTs, then you may not be able to cash-in on equity gains. Because I have experience buying and selling NFTs, almost an NFT lawyer or NFT attorney, I wanted to make you aware of my concerns about NFT investing. You won’t get the full benefit of this NFT learning video and decide whether you should buy NFTs without watching my 1st Lawyer Explains NFTs video, which you can watch here: • Video
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CHAPTERS:
0:00 What Are Problems with NFTs?
0:27 NFT Meaning
1:09 Why Should I Buy An NFT?
1:24 What Are the REAL Problems with NFTs?
1:27 #1 Problem with NFTs
2:35 #2 Danger with NFTs
3:48 #3 NFT Volatility
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The content of this RUclips channel is provided for informational purposes only and is not intended to constitute legal advice. You should not rely upon any information contained on this RUclips channel for legal advice. Viewing this RUclips channel is not intended to and shall not create an attorney-client relationship between you and Ian Corzine or West Corzine, LLP. Messages or other forms of communication that you transmit to this RUclips channel will not create an attorney-client relationship and thus information contained in such communications may not be protected as privileged. Neither Ian Corzine nor West Corzine, LLP makes any representation, warranty, or guarantee about the accuracy of the information contained in this RUclips channel or in links to other RUclips channels or websites. This RUclips channel is provided "as is," does not represent that any outcome or result from viewing of this channel. Your use viewing of this RUclips channel is at your own risk. You enjoy this RUclips channel and its contents only for personal, non-commercial purposes. Neither Ian Corzine, West Corzine, LLP, nor anyone acting on their behalf, will be liable under any circumstances for damages of any kind.
© 2021 Ian Corzine. All rights reserved.
#nft #nfts #iancorzine 
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Have you considered these SERIOUS DANGERS with NFT investing? Have you encountered any other dangers with NFTs that I missed?
Do you own any NFT'S?
Hey Ian, I like your channel. Quick question - will you be covering Candace Owens' lawsuit against Cardi B for defamation following their recent Twitter spat?
Mr. Ian Corzine sir do reply kindly to the comments though...
Hello Ian, thanks for the content! I can think of a potential danger (don't get me wrong, I love NFTs!):
**What happens if the plataform (ie. NBA Top Shot) ceases to exist?**
I know the NFT lives forever on the blockchain, but in the end, without the plataform, it's a bunch of code, right?
I mean you would still be the owner of that, but I guess it would be worthless if there is no plataform to display it!
This is my biggest concern, despite how bullish I am on the technology.
Let me know what you think! Thanks very much.
Hi Ian - is there an email address where I can contact you?
I like this analogy:
Buying an NFT is like going to the grocery store, buying groceries, and then taking home the receipt while the store keeps the groceries
And if you would take the groceries home you could get arrested for stealing from the store.
true strike !
Not exactly, but a decent attempt to explain the concept.
He's outta line but he'll get it... eventually
@@throwaway5926 thanks for the info I wasn’t aware that NFTs aren’t literally groceries and opensea isn’t actually a grocery store! I was eating NFTs this whole time!
I wonder what's the best opportunities to invest now are, there are opinions but a little later I find out these opinions don't matter as a totally different turn of events play out with the stocks they discussed therein
I’d suggest you look into passive index fund investing and learn some more. Buy Companies stock which you think has huge potential to grow. For me, I hired a stock expert and she provides entry and exit points on the security I focus on while I go about my other businesses. Investing has no one way to do it, eyes on the prize!!! Mistakes are expensive
Hi, please could you share more insight for someone who has been in the red for too long? Also I could use some referral, how do I reach the expert that assists you?
My consultant is Christine Lynn Saitta I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can look her up online with her name if you care supervision. I basically follow her trade pattern and haven’t regretted doing so
Thanks so much, You're an absolute blessing. Really excited to start working with her.
Sees a NFT “man it goes hard I might screenshot”
Screenshit them all the time
How big is your screenshot file poor man 😂😂😂
@@treasuretim3 You are just mad they aren't your screenshots.
Delete your comment.
@@ThisHandleIsNotAvailable. Dude literally anyone can go to the website where NFTs are sold and bought and take a quick screenshot so please just leave the guy alone
@@richardcorrigan7581
Yes. Anyone can be a successful NFT owner if they are willing to put in the hard work.
Stop hating.
Seems like not a week goes by before an artist on Twitter announces that someone is selling unofficial NFTs using stolen art.
I just made this comment an NFT because it goes hard.
Delete your comment.
*screenshots ur comment*
@@ThisHandleIsNotAvailable. I know you are joking but I just had a thought. With comments we post on here doesn't Google have the rights to them? Sure videos and audio stays yours (explicitly stated in ToS) but I'm not sure if that extends to comments. So if it is the case that Google owns our comments then we can't actually make NFTs of even our own words on here
@@kirastephenson7510
Can Google copyright our comments? That would be a hard-sell to district court.
@@ThisHandleIsNotAvailable. Depends on how the ToS is written and interpreted. In theory yes it's possible so long as it is agreed before hand. Companies can do more or less what they want with ownership rights for any content on their platform. Only time that isn't true is when it's personal information
I’m an artist that’s lived in the NFT space for a few months and I agree 100%. You should’ve talk more about Gas and storage fees. If you try to mint a piece during a spike, the gas prices can be so high you might just walk away for awhile.
This is exactly why as a struggling artist I'm staying far away from that shit
My right click button is broken
You could use another chain (like Cardano)
@@timothy1161 I use Tezos to avoid those problems. Ther ecent tezos4tezos event was a good example of the community.
The only way I am considering investing in NFTs is by investing my time in creating digital art and experimenting. At worst I learn and polish skills in Photoshop.
Yeah, good point. I think for now it's better to be the NFT creator than NFT buyer.
Just flip packs in wax, easiest money I ever made on crypto
@@iancorzine but nfts destroys the environment
I'd only deal with NFTs if I were creating them from scratch and selling them. That way I'd be able to profit only, but people would unlikely have a reason to buy any NFT I launch and the procedure to create your own NFTs is quite fishy to say the least, it's not like you can just "do it yourself" and be paid with bitcoin. You need to use those weird sites and weird crypto currencies to get paid instead. Too much hassle for a dumb Gen X person like me. 😁
@@TheSimArchitect Even for me lol
I checked some of those sites and if you create digital art and such, it has to be unique, not duplicated, not sold anywhere else, only posted on their site. There are a lot of restrictive rules, which I suppose makes sense, but then I could create something, never be allowed to share it on social media and have no guarantee of making money from it. At least, as NOT an NFT, it I make no money, I can share it with as many people, I want, wherever I want, as many times I want.
Anyone who says "NFTs are valuable for digital artists" has no damn understanding of digital art. Right click and save. Wow, it's sooo non fungible
That is not how NFTs work...
@@torokandre4635 Trying to treat digital art as physical art is stupid. She has a point.
@@MrLoowiz No Im not talking that it's the samr way the different types of arts are treated. I just wanted to point out that every NFT has multiple codes which verify that it is an original piece of NFT and if you screenshot it okay you may have it but you cannot make profit out of it.
@@torokandre4635 "Original piece of NFT" is a pretty dumb concept, though. The image is literally the same, the difference is that you own an idea of an art (not the art itself). We all pretend that it has some value, and you make a profit by selling this idea to people who believe they're buying something, when, in fact, they're buying nothing.
Yeah, you can profit with it. The same way you can profit with any pyramid scheme.
@@MrLoowiz Ik it is dumb butmost of the people don't buy NFTs bc they tryna flex with it or that they think it is pretty. People buy it in hopes of the price going up and somebody buyes it for xy millions but the other day it will worth 2x more and they will sell it bc they dont really need the NFT they just need the value of it.
I would rather own something physical than digital if we talking about art it’s just more practical
Literally just said "I dont see the point in owning a digital artifact. What do I gain in owning something that I cant physically touch?" as I scrolled across this comment
@@BeingMikki__duuhh You can touch it in the Metaverse
@@BeingMikki__duuhh can you touch the movies you download from Apple TV? A movie is a cultural artefact (artifact if you're American)
@@dan8087 I don't have Apple TV nor download movies in any format 🤷🏾♀️
I suppose you don't watch netflix or have any other exposure to a digital product which has a physical equivalent? Tell me, is it annoying having to carry gold bars to the grocery store to buy food when you don't have cash?
Thanks for this! I wanted to find this out since I found out about the value and the definition of what NFTs are yesterday! Much love
Thank you for taking the time to educate us.
Yes
Amazing video thank you so much! Definitely a big opp for setting up a method to either transfer copyright through selling an nft or at least clearly stating usage rights/licence
Video game skins have value because they are rare and aren’t easily added to one’s inventory or account. Nfts can be downloaded and screen shotted. If you show off said nft someone can screen shot it or download it or screen record it or whatever. Even if you make it so the app detects when you are trying to screen shot it, people would find ways to still do it. This is the equivalent of selling a piece of paper that says literally anything on it for thousands of dollars.
Like a replica of a priceless painting??? But if that painting isnt authenticated it has no real value
@@crowdseyeview except priceless paintings are actually one of a kind lawl
I think NFT's are pretty stupid, but at the same time, you guys don't understand what it is, so the image you save or screenshot isn't the NFT itself, but rather there is a Token of it in Blockchain that basically acts as a certificate of ownership, it isn't as simple as screenshots or saving images
And no, I DO NOT support NFT's, I just know more about it because I do pay attention when someone tries to explain it, but I still think it's really stupid
@@crowdseyeview except it’s not a replica, it is identical. The NFT isn’t the file. It’s effectively a link to wherever the file is hosted. So you’re buying the certificate of authenticity but anyone can get a painting *indistinguishable* from any of the other copies. It’s a bit like the scam where someone sells you a bridge.
@@luisalfonsocecilio7374 And even worse, you can have pics on the BC with proper compression and decompression procedures
And yet they choose not to
So its even worse xD
In America, one thing to be aware of is the short-term and long-term capital gains taxation brackets.
I've dabbled around with NFT's and for the average person is quite a mess. The "gas fees" are too high. I sold two NFT's and the buyer ended up backing out because the gas fees were more than the actual NFT's lol. Even if I were a billionaire, I don't think I'd ever buy one
Check out Mintable
You can always have them send you the crypto and then you send the NFT to their address 🙂
Tezos eliminates this problem though, doesn't it?
I think another warning we should give about NFT is the effect they have on the environment. If you care at least a little about the environment, pls find something else to invest in.
December has been warm lately 👀
this is satire right
@@PashaGamingYT not really. I think a lot of people don't know that for instance the ethereum blockchain energy consumption quadrupled due to nfts. That is huge and I feel like youtubers who help people decide whether or not they want to invest should at least mention it just so the potential buyers are aware (wherther they care or not is up to those buyers). This video especially is about potential downsides of NFT so I feel like this knowledge should have a place in it.
@@AgonizingDemise
how does it use power
@@PashaGamingYT It has to do with how blockchains work. In a blockchain all records are public and are stored on tons of different computers. When one of those record is changed (let's say someone transfers 10 euros to another person), all units in the blockchain will check the math and details behind this transactions. The caculation itself might be small, but the amount of times it is computed makes it MUCH more intensive than a similar computation outside of a blockchain. NFTs make use of such blockchains and have actually quadrupled the amount of energy used by the ethereum blockchain they use. A single transaction is estimated to cost about 90 kWh, which is similar to the energy consumption of an average US household over 3 days. I am in no way an expert in this field but this is my take-away after reading up on some papers. but please, don't just blindly believe me and do some research for yourself (which is something I'd advice on any subject :) ).
Love these informative video. Answered so many of my questions
Step 1: make a new google account
Step 2: download an image and upload it to your google drive
Step 3: put your NFT up for auction (=link to the image on your drive, because that's what an NFT is)
Step 4: wait for someone dumb enough to buy it
Step 5: delete your google drive (=drop the server)
Step 6: STONKS
I'm all for scamming stupid people.
@@MrLoowiz If the lottery gets to do it, then why can't we?! The lottery is just a tax on dumb people anyway
No1 ever gonna buy it,no ads no shit,it gonna stay for years,its not working like that
1st time viewer. I just want to say that I think you have a great style to your content and you did a great job on this video. So thumbs up and I hit the subscription button.
Man, this guy explains it all really well!
Hi laywer, if i minted an artwork from group A for 10 usd for an example and one day later i saw an identical artwork listed for sale and someone else bought it but with a different serial number, what should i do? I checked with group A and he admitted it is identical and no idea why and guess it was created due to glitch.
What If I had art from the future that the company can “copyright” at any moment after its official publication or does this mean, because it wasn’t officially released at the time of the NFT, there could be no copyright infringement?
Almost like a foresight but with digital art drawing things that are coming...
Hence their value increasing to sell.
Nice video. Do you record next to a rehearsal studio?
Imagine buying an NFT that You think goes hard and buy it for 100k. You try to resell it but the buyers already moved onto some other new NFT or they don’t want to buy it because it isn’t appealing to them.
I have watches countless videos on this topic and I still dont understand it fully, but this does clear up some things
Thanks Livia. Join me for my live stream on Sunday, and I’ll clear some more stuff up.
Cashier at Walmart: total is $396
NFT holder: no problem here you go *hands over a digital picture of doodle Bob SquarePants
Cashier at Walmart: sir we take actual money here
“Actual money” aka paper with numbers printed on it😂😂
@@treasuretim3 cotton with words printed in it with no real world value other than the agreed upon and government forced.
You mad ?
At least that's an actual physical item
@@treasuretim3 which you can literally trade for majority of things in the world...dont even try make out they are the same thing. You can screen shot money
what a cool lawyer! thanks for the great content!
Thank you for explaining how nft works sir very informative
Thank you, sir. This was very helpful
How do you suggest performing diligence on NFT artwork before purchase?
I got a video all about that! Watch: ruclips.net/video/3J_SvX7TYyw/видео.html
Apart from cursory IP discussion, this is more about NFT & tech than important legal issues associated herewith
Can you make a video for ECOMI-OMI? Thanks!
2:24 My service is to provide more trust for not only the digital assets but physical as well. You do have to have checks and balances with some human interjection. However, code is law. I would think more professionals would enter the realm of blockchain to understand it. However, digital art is still surface level to the public with NFTs.
Nft cannot work, because I can take screenshots
@@TheHat--Man nonono, nft work
You see, its like buying the mona lisa
And you get coordinates to the louvre stamped with an official seal from the louvre
(?????)
Well said excellent points. Good catch on the residual payments to original minter.... (cheeky) . I guess, buy because you like it and then if it doesn’t fetch a big price at least you will hopefully get to enjoy looking at it..... :-) thx for the video
You just scared the living you know what out of me about something I was almost getting excited about. Thanks.
I saw a nostalgic video by Izzzyzzz, where she was talking about "Unconverted Neopets," & those sound a lot like what you're telling me an NTF is.
That & unique prize mount & weapon skins in MMOs. But unlike those things, NFTs risk becoming worthless after purchase if you can't find someone to pay more for it than what you did, while the other things I talked about will never devalue as long as the game server is still online, making NFTs a huge gamble.
Hi Ian.
Thanks for this video
Just hope we all gain the right info about this and all in general, and make the right decitions in life.
Take care.
Thank you
3:29 ive coded smart contracts they sound like contracts but actually have little to do with legal liabilities like a normal contract they are just programs who run on the blockchain these smart contracts can be used to create token, nfts and a whole bunch of other stuff
The most significant thing you said for me was, "...is it's just computer code existing in your digital wallet." And, if you are going to do it, do it for fun.
So question? I have a logo I made by a very popular athletic company but my logo I made I have never seen before and it’s different than the original it’s how I see it and it’s my art would it be ok to sell it looking different than the original?
Hi, this is a great question. I would love to help out and answer any questions you may have! I have a LIVE Q&A show this Saturday.
You can drop your questions and concerns on my LIVE show and TUNE IN.
Kindly check this link to get a notification.
facebook.com/yoursocialmedialawyer/posts/1231061260678010
What about creating NFT from scratch and selling it? How do I do that?
Question? Can you deduct that depreciation from your capital gains ?
Hi, this is a great question. I would love to help out and answer any questions you may have! I have a LIVE Q&A show this Saturday.
You can drop your questions and concerns on my LIVE show and TUNE IN. Kindly check this link to get a notification.
facebook.com/yoursocialmedialawyer/posts/1231061260678010
Yes! Great video! I’m going to share this with my art students!
Would love to see a breakdown of how smart contracts could interact with the first sale doctrine
you buy a patent and depending which type of patent you buy you can license your patent via smart contract. this is not built because nft is malarky with no conclusion or governing body.
Hi Mr. Corzine I have a question can I make a 3D charcter of a celebrity and sell it?
The “World of Warcraft doom hammer“ comment at the end got you my like ❤️
We should stop NFTs in the first place because it would tank the planet as we know it and trigger massive copyright lawsuits
Also NFT Defenders actually think saying to an artist whose work was minted "mint it first" work.
Talk about adding injury to the insult and rubbing salt into wounds
I have a little issue way before im launching my nft i fear i might instantly be sued because my nft is different than any other and have worked hard to get in connection with celebrities in music without having much money to start out with so i fear when i launch these nft's i may get sued for something since I've heard that a lot in business. Literally confused on what to do how can i overcome this.
Thanks
Whats the legal way to sell the ownership of something, like photos you took? Thanks Ian for explaining NFT's.
If some celebrity artist, it is for fair use, othewise you can get sued.
@@jejemon123 Okay thanks, but what about logos? Like coca cola in background? Not allowed right?
@@croissantlover1 of course not. NFTs are a potentially very useful and powerful tool for original content only.
agree with content. great explanation and detail. thank you for this. ending music is sic =P
Soooo....
*I should* only be a *creator and SELLER* of NFTs.
Amirite?
It definitely seems to be a case where it’s better to be a maker than a trader
Question:So when you announce that you are going to drop A NFT collection, is it being announced to all the NFT members or what ? Please help with this answer
Excellent info here
Ngl I was hoping to gain more knowledge on how NFTs are working from an artists perspective, but this was still informative
Thanks Clown -- DM me with what you want to know
Hello how are you? First off Thanks for the info... I have a question as far as smart contracts and NFT’s. Can a agreement relating to digital and physical sales be linked to a smart contract? Or would it need a link to real world data?
Hi, this is a great question. I would love to help out and answer any questions you may have! I have a LIVE Q&A show this Saturday.
You can drop your questions and concerns on my LIVE show and TUNE IN. Kindly check this link to get a notification.
facebook.com/yoursocialmedialawyer/posts/1231061260678010
I am all in collecting the top nfts , long term , diversify!
Is it legal to screenshot nft or put it on profile?
I have a curious question.
I am a DJ and all the music I play is bought tracks from beatport, bandcamp, etc.
If I make a DJ set, and try and sell it on Rarible as digital art, would I be attracting any lawsuit?
yup, if the rightsholders ever found out
Unless you paid a premium to acquire full rights, yes. And quite rightfully so.
@@leissMusic Pretty sure that is rightful as well. This was a matter of debate with some other numbskulls (I don't think DJs should call themselves as artists, music producers are artists, not DJs). These DJs wanted to sell clippings of their DJ sets as NFTs.
The music was the best part.
Hi. i own a nft studio and have made some money doing it. my question is about who to talk to about transferring that crypto into fiat at a bank… i feel like i should claim this but do i pay capital gains like any investment or is there nft laws? plz help im available for calls and will pay for consultation
Hey Z -- thanks for a consult, go to my website www.iancorzine.com
I'm not sure I understand what property interest is transferred
Great video!
Will we, in the end, not all have our own coin?
Ha! Ian Cor-Coin - only $58,000 per coin
Just as I thought. Thanks. Wonder, no, if Jack Dorsey’s first Tweet will hold its value. More power to him, however! 👍
The main problem is how to find the identity of the defendant, the NFT wallet can be hold by anyone who know the password phases and this copyright infringer could be in any jurisdiction.
Hi Ian,
First of all, it's great you're making this kind of content. There's too little awareness around the dangers of NFTs. Even though being scammed is a quick way to learn!
But, we were just wondering at the office whether you actually understand what an NFT is? Maybe you just misspoke yourself, but the NFT is the smart contract. The smart contract contains a link to the actual image or video or whatever you're trying to sell. All that stuff you think you're buying is not actually on the blockchain. It's just the link you're usually buying with then the ownership. Besides, you should not associate royalties to a hacker. Royalties (like 10% of every sale goes to the artist) are just a way to give back to the creator. It's something that you should embrace and actually admire in the NFT.
However, you are correct that you should be aware of what you're buying. You should actually know what's in the smart contract. You should check the link that refers to the image, because you're pretty vulnerable to scams.
Maybe have a different video that's
Finally someone thst truly explains this shit, i was just wondering.. does this stuff bypass copyright or what.. 😂 not to mention thst any "game item" you could buy has the risk to not be recognized by the game itself and therefore your nft has no use to you and no value except for its demand.
I draw my favorite charachter weapon and name and also describe as the origin of the story but i draw my own self not just copying but the draw is really similliar to the original is that still considere as a plagiat or no please answer?
Great video. However, an NFT is by definition a smart contract as well, but with different structure than fungible tokens.
very informative video.
how to register an NFT as a secuity?
So can i use my iron man pixel art nft?
So wait.
I can take any digital art, like let's say: An NFT that I screenshot somewhere and then mint it into a new NFT?
Are there no legal barriers like copyrights on existing NFT's?
No, only DMCA takedowns and community reports
Just like in non NFT media
So they do not even fulfill it biggest selling point
So if I draw and sell the drawing of an original character that kind of looks like a fictional character that I don't even know, will some of the money I make go to some known artist that I don't even know?
Are there any trained professionals I could hire to help me write out my contracts for said NFTs? That’s the problem I’m still dealing with. What are the terms, how do I come up with the terms? How do I then create a contract and link it to said NFT? So many things that still don’t make any sense to me :(
Someone needs to create NFT's with associations with pictures of tulips
Ultimately if you know anything about nfts, you’ll soon understand that the jpeg attached to the nfts isn’t at all an nft, it’s actually just a website link to the picture, I’d go deeper on this if I were you. Nft Are basically proof on the blockchain of ownership forever and cannot be changed or destroyed, btw nfts are smart contracts there one in the same.
Are nft worth anything?
So from what I understand, it’s really not about the art itself. There are a limited supply of “official” copies that are traded, making it more of a business thing. Did I get that right?
@@AJGallagherVideos So basically there is something in an NFT's programming that shows it is authentic? If so, then why is there so much controversy over copying and pasting them?
@@AJGallagherVideos That's neat. So a copied and pasted NFT isn't really an NFT, but rather just its image?
@@AJGallagherVideos So there is only one of every NFT? Anyway, I looked up the most valuable NFTs and honestly, they're pretty cool. I can see why someone would want one. Though it seems NFTs have become associated with that ape/lion format seen everywhere. Aside from their value/membership qualities, is there anything else that motivates people to buy those? Also, I really appreciate you taking the time to answer my questions. I knew almost nothing outside the memes before this.
If I wanted to make an NFT using the Dodgcoin meme coin dog as an example is that legal?
Thanks a bunch
Hi I need your advice
Hey umm there’s another question that I hoped u did discuss you know how people by NFT and tokens not just for selling them after some there price rise but you see some NFT owners. Promise the people who buys from their collections that they are going to be a part of some activities or specific community or even have some rights so if the owner didn’t fulfill what they promised in the given timing or maybe just disappeared after selling these tokens will that be illegal can the people who bought the NFT from him sue him in court or is it easy to just to run with the money and scam ppl as the amount of money paid by ppl isn’t for the NFT itself but the service it provides like the apes/monkeys that are at the top ranks of that specific idea
& sometimes the prior transactions on an NFT are just two friends passing it between each other, or one guy with sockpuppet accounts buying it from himself.
So, with NFT, they're not actually coins you can trade on the market? But a coin for the sole purpose of purchasing art?
the Arabian camel NFT items are good?
Hi, this is a great question. I would love to help out and answer any questions you may have! I have a LIVE Q&A show this Saturday.
You can drop your questions and concerns on my LIVE show and TUNE IN.
Kindly check this link to get a notification.
facebook.com/yoursocialmedialawyer/posts/1231061260678010
Can you patent an NFT project when you plan to use someone's video and how can you protect your idea being stolen. Thank you
Is it all about the 3% of the price ( each time if someone buy it ) ? Becuse the is alot of arts are not good or nobady like them they are worth nothing? I mean what exactly NTF for? BRFOR you paint .. you salle it in gallery .. NTF the same? Just wait some one want to buy it?
I completely agree.
Smart contracts are NOTHING to be afraid of. They require awareness. But they are the source of security and transparency. You just have to know what they say and how they benefit you and the other party.
Thank you
You're welcome
So how can facebook do it
This lawyer is wrong in his understanding of what an NFT is.
You aren't buying art when you buy an NFT, you're buying a token for example an ERC721 token which contains a URL to an image within its code.
You're buying a token, not the artwork itself or the image embedded.
You literally cannot sell someone a URL which is publicly hosted and accessible to anyone on the internet, anyone can share or access that URL and there's no laws which would stop them so long as that image is not illegal material.
You said in one of your video If I put out content I don’t have to do anymore
Yes this doesn't sound sketchy
LOL
I learned something!!!
Can I ask please, if I buy a NFT do I have the right to do digital prints with it or use it for branding products, do I have full control
I thought you only own a specific instance of the digital item. It is still possible to be affected by the original copyright holder of the NFT. (For example, if the photo's content had the copyright but the photographer sold an NFT of the photo)
He literally explains this in the video re: Prince Harry photo
music is too loud at the beginning...
I need to speak to you about attorney advise, I am a recording artist with major releases.
This is a warning for them:
Not even Lawyers like this.