Say goodbye to expiring copyrights! With NFTs, they can be preserved, refreshed and repurposed.
are most commonly known in the form of digital art, they exist in many other forms and represent much more than just art.such as Kings of Leon to release their latest album. In the sports industry, NFTs are created to record the highlights of major sporting events such as the NBA. In the consumer product industry, Nike, Gucci and many others are selling their digital branded products in the form of NFTs.
In the European Union, copyright is protected for 70 years after the death of the latest living author. It is the same in the United States, with the exception that books originally published between 1927 and 1978 are protected for 95 years after the first publication. No matter how long the copyrights are protected, given enough time, anything will end up free in the public domain.
A good example would be Winnie-the-Pooh, a fictional anthropomorphic teddy bear created by English author A. A. Milne and English illustrator E. H. Shepard is loved by fans all over the world. The first collection of stories about the character was created in 1926. After almost 96 years, the copyrights had expired, and the book moved into the public domain on January 1, 2022.
After the copyright expires and the work goes into the public domain, the NFTs will carry the royalty further into the digital world. Royalties can be generated through sales in the NFT marketplace on the blockchain or through even more complex smart contracts created for specific use cases for first edition, limited edition or signed vintage copies.
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