As the original has been destroyed, the NFT could be characterized as an unauthorized reproduction. Unless the terms of sale included a transfer of ownership of the copyright in Morons, Injective Protocol’s actions could arguably constitute copyright infringement.
Source: Fungible Banksy: NFTs, Copyright and Digital Art Collide with the Burning of Morons


The EU Court of Justice has ruled that if rightsholders have taken or ordered protective steps to prevent their images from being embedded within frames on third-party sites, such embedding represents a violation of copyright law. The decision goes against a non-binding opinion handed down last year.


EU countries have until June to implement controversial new copyright laws, but some countries have not even started that process. Though Covid-19 has been an impediment, some countries have had reservations about the reforms.
In a post this week, OverDrive CEO Steve Potash said he was proud of some of the “incremental gains” made in the library e-book market in 2020 but insisted that the work of establishing “fair, flexible, and reasonable terms” for libraries and schools to acquire and lend digital content is far from over.