“An NFT purchase does not automatically give you ownership rights.”

Too Long; Didn't Read

A couple of American entertainment heavyweights found themselves in court late last year because of the alleged theft of intellectual property. Los Angeles-based Miramax sued filmmaker Quentin Tarantino for allegedly breaching an agreement where the latter supposedly agreed to surrender all copyrights and trademarks of the 1994 hit "Pulp Fiction." For the first time, an American court will finally have its opinion on intellectual property rights within blockchain technology's state of affairs. If that is indeed the case, this ruling could very well become a landmark case with a significant impact on how NFT artists and creators move forward.