Redefining IP rights in the world of NFTs and AI 2023-01-06

NFTs (non-fungible tokens) were introduced relatively recently (in 2014) and infused the properties of uniqueness and rarity into the digital world. This allowed for classical real-world ownership in and value assignment to digital things. Since then, any piece of data (practically any sequence of bits) can be treated as a unique asset bearing IP rights, under the presumption that it is signed by its creator, hashed and imported into some Blockchain infrastructure. The assigned Block ID is now unique and its claimed creator undoubtable: throughout the Blockchain community, anyone can verify the creator and the claimed owner of a token for himself.
Formally, the NFT is defined as a unique, non-interchangeable unit of data that can be sold and traded separately. As with every asset that is traditionally subject to ownership, its value derives from its’ uniqueness/rarity.
Still, the uniqueness of the initial bit-sequence defining the asset is a subject to question: How many different pixels between two GigaPixel images are adequate to define them as „adequately different” (and thus distinct under the scope of IP) originally?
In the 4IR market, more than ever, uniqueness springs from innovation and novelty. These properties along with their large pile of attractive traits, they bear another special one: they are significantly hard to clone or replicate.
In the era of AI-creativity (see DALL-e) how do we define IP? In the world of metaverse, the notion of uniqueness, and along with it, the notion of property are being radically redefined...
You may find an interesting introduction on IP and NFTs here:



Tamara Besednjak Valič

Faculty Of Information Studies In Novo Mesto



Virág Szuák

Pannon Business Network Association