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One of the common advantages of NFTs is the ability to transfer ownership of the assets sold. However, according to Galaxy Digital’s report, this benefit is actually far less utilized than we might imagine.
In a report analyzing the copyrights and ownership attached to major projects such as Bored Ape Club and World of Women, Galaxy Digital ranked the top 25 NFT collections closest to intellectual property (IP) ownership. We have discovered that we offer asset owners only one.
The report concludes that most NFT projects do not actually give users ownership of their assigned IP. For a long time this was seen as one of the benefits of buying NFTs from top collections. This is equivalent to investing in intellectual property. As a result, several NFT holders have indeed leveraged his IP to launch restaurants and more, and comedian Seth Green even said his own Bored Ape will be featured on an upcoming TV show. rice field.
However, Galaxy Digital said in a report that other deals were likely negotiated by companies that commercialize NFTs.
“It’s hard to imagine Seth Green and his production studio not negotiating another deal with Yuga,” the report said, referring to Yuga Labs, the parent company of the Bored Ape collection.
Read full report >> here
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*All investment/financial opinions expressed by NFT PLAZA are based on the personal research and experience of the site moderators and are intended for educational material only. , the product should be thoroughly investigated.
Tokoni Uti has written extensively on blockchain and cryptocurrencies over the years. Her work has been featured on sites such as BTCmanager and Blockchain Reporter. She has a degree in Corporate Communications.
