Non-Fungible Tokens (NFTs) are unique digital assets that represent ownership of original works. NFTs use blockchain technology to record transactions and prove authenticity and ownership. While NFTs can be freely traded, purchasing an NFT does not necessarily confer full intellectual property rights. Current uses of NFTs may mislead buyers into thinking they have obtained more than just ownership on the blockchain. When used properly, NFTs can provide benefits like traceability, proof of authenticity, and cost reduction for digital assets.

1. Non-Fungible Token (NFT)

2. What is a Non-Fungible Token? NFT
Unique Metadata describes what makes this asset different from others
Transferable NFT can be freely traded on specific markets
Ownable Blockchain technology helps improve ownership
Indivisible NFT cannot be split into smaller denominations

3. Current misuse of Non-Fungible Token
(NFT) digital file sold for $500
What was brought?
Ownership?
IP Rights?
Someone paid $500 to buy an entry on a ledger
Who paid whom? – identity matters
Purchasing the NFT does not mean the NTF holder has full rights of intellectual property ownership:
There is no:
Digital rights management
Copy protection
Guarantee of availability

4. Benefits of Non-Fungible Token (NFT)
Traceability
Proof of authenticity
Cost reduction

5. Value Non-Fungible Token (NFT) bring
Ownership
Traceability
Authenticity
Security
Safety