Introducing the New NFT Marketplace for Copyrights by Ayozat
An NFT is a form of digital asset that can represent various real-world items like music, photographs, avatars, art pieces, in-game items, and event tokens. They are created using the same programming and coding techniques that are used to make cryptocurrencies.
The first NFT was introduced in 2014. Since then, they have become very popular because of the extensive benefits that they offer.
Compared to real-world assets, NFTs are easier to transfer, and have more liquidity. Due to these advantages, more and more people are now selling and buying this digital asset.
How Do NFTs Work?
An NFT is built on blockchains like cryptocurrencies, including Bitcoin and Ethereum. Blockchain is the distributed data that tracks assets and records transactions. NFTs are mostly held on Ethereum blockchains. But, they are equally supported by other blockchains as well.
NFTs are created from digital items that can be both tangible and intangible. They are like physical items, but in their digital form. Let’s understand it with an example. If you are interested in buying an NFT, you will get a digital file instead of getting a physical painting that you can hang on the wall. This digital file will represent an NFT that you can either keep or sell as you wish.
If you are interested in buying an NFT, you will need a digital wallet to store your NFT, and purchase a cryptocurrency that your NFT provider accepts. You can use your credit card to purchase cryptos using different platforms.
NFT and Copyrights
Although NFTs are a new form of art, they have almost the same copyright laws as any other traditional art piece. If a creator forms an NFT, they will naturally get the copyright of the art piece. The copyright owner acquires certain rights that others don’t have. Only they have the right to reproduce their NFTs, distribute their copies, display them in public, or produce derivative copies.
A non-copyright owner can create an NFT similar to an existing NFT only if they have received a licence from the real copyright owner. Otherwise, it may be considered a violation of copyright laws if the expression or message of the original art piece has not been changed in any way.
New NFT Marketplace for Copyrights
Here at Ayozat, we are creating a new NFT marketplace for users to purchase digital artwork and sell their unique work pieces.
Recently, we signed a $50m (£38m) music copyright deal with copyright specialist, Lumi AG. Thousands of music masters are secured in this deal. It includes the work of some of the biggest singers like Michael Jackson, Usher, Eminem, Whitney, and the Bee Gees.
This will create an easy-to-use NFT-ownership platform for people interested in buying a direct stake. The platform is driven by QUID currency. You can use it to display your work from anywhere in the world.
Our new NFT marketplace has more than 2,000 music albums by the world’s top entertainers. In addition to the songs, this platform supports NFTs in the form of movies, television content, in-game skins, game assets, and more.