NFT Bragging Rights & IP Ownership – Ep. 33[Podcast]
In this episode of Stuff You Should Know About IP, Thomas Colson and Raymond Guarnieri discuss non-fungible tokens, or NFTs. Jack Dorsey sold his first tweet as an NFT for more than $2.5 million. If an inventor invents an invention but does not want to patent it, the inventor can publish the invention so that nobody else can patent it. Electronic records can have digital fingerprints, which are random sets of numbers, letters, and characters; blockchain is like a more advanced version of that idea. Digital artists can struggle to make money because it is so easy for an audience to digitally copy their work. Through NFTs, digital artists can monetize their work because they can sell a one-of-a-kind original for a large sum of money.