NFT rights for artists and buyers

Intrigued by NFTs? A legal expert unveils complexities surrounding ownership, copyright and NFT royalties.

21 Oct 2021 16:15

Celina Lei

All Arts

Knowing what rights you have over an NFT will help avoid disappointment and the possibility of a hefty litigation. Image: Shutterstock.

NFT scandals are at the top of the art world’s gossip these days but its star status doesn’t seem to have reduced any of the confusion around its transaction, ownership, and value.

The latest of the bunch involves an NFT litigation between Jay-Z, Dame Dash and their record company Roc-A-Fella as the parties battle over NFT royalties and confusion surrounding copyright ownership.

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Celina Lei is the Diversity and Inclusion Editor at ArtsHub. She acquired her M.A in Art, Law and Business in New York with a B.A. in Art History and Philosophy from the University of Melbourne. She has previously worked across global art hubs in Beijing, Hong Kong and New York in both the commercial art sector and art criticism. She took part in drafting NAVA’s revised Code of Practice - Art Fairs and was the project manager of ArtsHub’s diverse writers initiative, Amplify Collective. Most recently, Celina was one of three Australian participants in DFAT’s the Future of Leadership program. Celina is based in Naarm/Melbourne. Instagram @lleizy_