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The Digital First Sale Doctrine In A Blockchain World: Nfts And The Temporary Reproduction Exception, Chelsea Lim
The Digital First Sale Doctrine In A Blockchain World: Nfts And The Temporary Reproduction Exception, Chelsea Lim
Fordham Law Review
In 2021, non-fungible tokens (NFTs) exploded in popularity. Representing over sixty million dollars in sales, NFTs are currently being bought and sold in almost every industry, in the form of exclusive videos in the sports industry and digital paintings in the art industry. NFTs are digital certificates that use blockchain technology to verify authenticity and proof of ownership. Through NFTs’ non-fungible and immutable characteristics, owners are able to create scarcity for and authenticity in digital copies of their works, replicating the tangible experience of owning a physical, limited-edition item. NFTs have also been able to promote a unique secondary marketplace, …