The rocketing popularity of non-fungible tokens has raised legitimate questions about what rights are conveyed with the sale or transfer of these tokens. Currently, it should be understood that:

• Non-fungible tokens do not inherently convey any intellectual property rights—there must be accompanying licenses;

• Current copyright law does not recognize such tokenization of digital assets; and

• NFT connections to cybercurrency and blockchain has made it ripe for attachment to growing scams and malicious schemes.

Read about intellectual property rights and NFT ownership. It’s not inherent and IP transfer of rights must be explicitly defined or authorized.