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VIDEO

NFTs in the Art World: The Good, the Bad, and the Downright Confusing!

Armen R Vartian, Da Yoon Shin, Mario George Constas, YONGMIN LEE, and Laura C Tiemstra

Ever since someone paid $69 million for an NFT of an easily-copied work of digital art, art market participants and their lawyers have been fascinated by the potential and pitfalls of minting and trading in NFTs.  But is there a secure legal framework for NFTs that protects artists and authors?  How do digital businesses and on-line platforms dealing in NFTs avoid liability, and how do practitioners deal with ethical issues arising from representing clients in this uncertain legal environment?  This program will bring together experts from Korea, the USA and Europe to explain how NFTs fit (and don’t fit) within existing concepts of property ownership and copyright, trademark, and moral rights attaching to works of art and authorship, and what that means for NFT’s future. 

This panel was presented at the Fall 2023 Asia/Pacific Conference on “Law and Technology in a Changing World” in Seoul, South Korea.

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