NFT craze has sparked a rift against co-founders of the label "Roc-A-Fella" Records (RAF) with the rapper Jay-Z pressing charges against Damon Dash for selling his first album, "Reasonable Doubt."
Initially, Dash has partnered with SuperFarm to sell the album but was halted by the lawsuit and Roc-A-Fella, botching the auction and sale. However, reports from TMZ say that Dash tried to look for other parties to sell the NFT and continue the process of selling it, despite the pending criminal charges that he would face.
NFTs are Protected by Copyright Laws and MORE
It is a good thing that Non-Fungible Tokens are still protected by copyright laws and royalties despite being digital pieces of technology, and are distributed widely on the internet. Moreover. these copyright laws still protect certain products, music, art, or film from being reproduced, especially when being sold as an NFT in the modern age.
This law would ensure that NFTs would not be sold without the original owners or those who have stakes in it, being notified about the dealings behind it.
Most NFTs of the modern age are focusing more on music and film, particularly the classics or top-grossing ones, or those that have been previously viral on social media. A lot of them are subject to copyright, and lawsuits have now popped-up to protect those who are wrongfully robbed of their work.
Related Article : NFTs Booming Massive Craze-Here are the Most Expensive Ones Sold!
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Written by Isaiah Richard
