Thus, NFTs turn the registered item into something unique (non-fungible, unlike cryptocurrencies), whose genuineness can be easily verified, simplifying its trading on the blockchain network.

NFTs also allow copyrighted creations such as music, artwork, source code, and photographs to be traded through tokens. This allows buyers to acquire quotas of these works, just as investors obtain quotas of companies by acquiring shares.

This technology is not exactly new, and it was observed with the digital game “CryptoKitties” in 2017.

NFTs have taken the lead in discussions about copyright, especially with the increasing commercialization of artworks, the most famous being “Everydays – The First 5000 Days”, by artist Mike Winkelmann, aka “Beeple.

The expectation is that NFTs will continue to present new possibilities in the IP universe, enhancing discussions among professionals in the field.