Crypto merchant bank Galaxy Digital has studied the current NFT market and concluded that Web3’s promise of digital ownership and property rights “remains far off.” Galaxy Digital reviewed licenses for top NFT collections such as Bored Ape Yacht Club (BAYC) and CryptoPunks for its latest report, “A Survey of NFT Licenses: Facts & Fictions.” The report found that the vast majority of top collections convey zero intellectual property ownership of their underlying artwork or media.
Source: Web3’s Promise of NFT Intellectual Property Rights ‘Far Off,’ Says Galaxy