Whether you are a crypto guru or not, you have likely heard about NFTs. The three-letter acronym, NFT, stands for “Non-Fungible Token”. NFTs are the centre of attention right now because of high-profile sales, such as $70 million for digital artwork, $2.5 million for Jack Dorsey’s first tweet, and more than $230 million spent buying and trading digital collectibles of NBA highlights. Copyright issues are emerging as some artwork and tweets are being tokenized into NFTs without the copyright owner’s consent. To explore copyright in the digital space of NFTs, a basic understanding of NFTs is first required.

Social media has changed how people and companies interact and has provided us with some technological innovations that have raised copyright issues. In an effort to keep our readers informed of some recent developments involving social media, we wanted to provide some background relating to some headlines combining social media, copyright, and blockchain, and we will provide some clarifications and explanations.