NFT and Intellectual Property: What Do You Get When You Buy an NFT?

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NFTs are tokens with a unique set of data that allows them to represent unique digital assets such as digital art. Each NFT contains a link to the asset being represented. By purchasing an NFT, you get the right to own a specific copy of the work. You pay for the ownership of a unique item in your collection, but you don’t own the copyright and you cannot distribute, copy or reproduce the work without the permission of the author. The terms of the NFT transfer are largely determined by the marketplace you are using.