The owner would have their name in a distributed ledger next to a hash of some representation of the associated content. Their legal rights to the content itself would be unaffected by the process and would instead be determined by the traditional legal contracts surrounding the ownership of the property. Which, as the article indicates, Miramax is keen to assert.
Tarantino could sell as many NFTs of the underlying asset as he chooses, since they have no relationship to it.
Forgive me if I come off as overly negative, but from this description I get a strange impression of NFTs. Purchasing them means essentially nothing and many of the same one can be purchased by many people. So it basically means nothing at all when considering any object or idea that isn't the NFT itself.
If it is true that NFTs don't matter, I would think Miramax has no standing in this suit as any NFT sold doesn't actually have anything to do with pulp fiction the copyrighted film
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[ 4.6 ms ] story [ 30.5 ms ] threadCorrect me if I am wrong. So the owner of those NFTs would have "right" to own those "copies" of uncut scenes ?
Is it possible for Quentin Tarantino to sell the same "copy" of NFT to other owners?
Tarantino could sell as many NFTs of the underlying asset as he chooses, since they have no relationship to it.