NFT Copyright Ownership Rights Quiz

1. Who owns the copyright of an NFT?

• The person or entity that created the creative content owns the copyright.
• The NFT platform automatically owns the copyright.
• Copyright is not applicable to NFTs at all.
• The person who buys the NFT owns the copyright.

2. What is the underlying content of an NFT?

• The underlying content of an NFT is always a physical painting.
• The underlying content of an NFT is solely a certificate of authenticity.
• The underlying content of an NFT must be a document in PDF format.
• The underlying content of an NFT can include an image, video, or audio file.

3. How does copyright law apply to NFT art?

• Copyright ownership is automatically granted with the purchase of an NFT.
• NFTs eliminate the need for copyright owners to register their work.
• Copyright law does not apply to digital assets like NFTs at all.
• NFTs do not change the operation of copyright. The underlying work is protected by copyright, which can be retained by the author or transferred to the holder of the NFT.

4. Does the creation of an NFT violate the reproduction right of copyright owners?

• The creation of an NFT protects the copyright of the original creator automatically.
• The creation of an NFT always violates copyright regardless of the context.
• The creation of an NFT does not affect copyright ownership in any way.
• The creation of an NFT may violate the reproduction right if the `hash` constitutes a translation of the underlying work.

5. Can an NFT be created without the permission of the copyright owner?

• No, NFT creation doesn`t involve copyright matters at all.
• Yes, anyone can create an NFT regardless of copyright status.
• No, creating an NFT without permission can be considered copyright infringement if the NFT contains copyrighted material.
• Yes, NFTs can be created freely as public domain assets.

6. Who has the right to create and sell NFTs?

• Only companies specializing in digital art can create and sell NFTs.
• Anyone can create and sell NFTs without restrictions.
• Only registered users on NFT platforms can create and sell NFTs.
• The right to create and sell NFTs falls within the exclusive rights of the copyright owner.

7. What is the principle of exhaustion in copyright law?

• The principle of exhaustion provides that a copyright owner’s right is `exhausted` after the first sale.
• The principle of exhaustion grants lifetime copyright for digital assets.
• The principle of exhaustion suspends copyright upon a user`s first use.
• The principle of exhaustion allows unlimited copies to be made freely.

8. Can a platform display an NFT image for public viewing without permission?

• The platform must have permission from the NFT owner only.
• The platform can display any NFT without restriction.
• The platform needs the permission of the copyright holder in the underlying work, unless the terms of the NFT specify otherwise.
• The platform only needs permission for certain types of NFTs.

9. Does purchasing an NFT transfer copyright ownership?

• No, purchasing an NFT does not automatically transfer copyright ownership.
• No, buying an NFT means sharing copyright.
• Yes, buying an NFT includes copyright transfer.
• Yes, purchasing an NFT grants full ownership rights.

10. Who can enforce against an infringing NFT?

• Copyright owner or authorized party
• NFT collector
• Digital artist
• Marketplace operator

11. What is NFT copyright infringement?

• NFT copyright infringement occurs when an athlete signs an NFT for charity purposes.
• NFT copyright infringement happens when an artist creates an original work and sells it on the blockchain.
• NFT copyright infringement is when someone buys an NFT and does not properly display it.
• NFT copyright infringement occurs when someone steals creative content without proper transfer or purchase, then mints it as a unique digital asset on a blockchain, and offers it for sale.

12. How can IP rights of an NFT be managed?

• IP rights of an NFT can be managed through a smart contract that assigns ownership and manages transferability.
• IP rights can only be managed through verbal agreements between parties involved.
• IP rights of an NFT are automatically managed by the blockchain technology itself.
• IP rights can only be managed by transferring ownership via physical documents.

13. Can a platform possess an NFT without owning it?

• Yes, it can easily share ownership of an NFT.
• Yes, a platform can possess an NFT if it holds a copy.
• No, it is highly unusual for an NFT to provide this capability in its terms.
• Yes, multiple platforms can collectively own an NFT.

14. What is the role of intermediaries in NFT copyright infringement?

• Intermediaries only handle payment processing for NFTs.
• Intermediaries have no responsibility in NFT copyright matters.
• Intermediaries like NFT platforms can be liable for copyright infringement.
• Intermediaries can freely create and sell NFTs without permission.

15. How does the principle of exhaustion apply to digital works?

• The principle of exhaustion grants automatic rights to creators over any copied digital works after the first sale.
• The principle of exhaustion applies the same way to all types of works, including physical and digital.
• The principle of exhaustion has lost some relevance in the context of digital works, especially after the decision of the Court of Justice of the European Union (CJEU).
• The principle of exhaustion allows copyright owners to control the resale of all digital works indefinitely.

16. Can a smart contract specify who owns the copyright?

• Yes, but it must be confirmed by a lawyer.
• No, copyright ownership can’t be specified.
• No, only the NFT platform can determine copyright.
• Yes, a smart contract can specify who owns the copyright.

17. What happens if an NFT platform mints an NFT without proper authorization?

• The platform will gain ownership of the NFT for minting it themselves.
• The platform can be held liable for copyright infringement if they mint and sell an NFT without the authorization of the copyright owner.
• The platform can freely mint any NFT without consequences.
• The platform can only be penalized if the NFT is sold.

18. How can a platform ensure that NFTs are created with requisite authority?

• A platform can assume all uploaded content is original.
• A platform can ignore copyright until a complaint is filed.
• A platform can mint NFTs without any verification process.
• A platform can require proof of IP ownership during minting.

19. What is the significance of the `hash` in NFT copyright infringement?

• The `hash` has no significance in copyright law at all.
• The `hash` protects the copyright of the artwork itself.
• The `hash` serves as a unique identifier for the NFT.
• The `hash` can be considered a translation of the underlying artistic work.

20. Can an NFT be removed from the blockchain once it is created?

• Yes, NFTs can be erased from the blockchain instantly after creation.
• An NFT can be removed if the platform decides to delete it.
• No, it is difficult to remove an NFT from the blockchain once it is created.
• Only the creator can remove an NFT from the blockchain at any time.

21. Who is responsible for ensuring that NFTs are created with proper authorization?

• The NFT buyer
• The blockchain
• The digital artist
• The NFT platform

22. What is the process of minting an NFT?

• The process of minting an NFT is limited to using cryptocurrency for transaction fees only.
• The process of minting an NFT involves creating physical copies of the artwork to store.
• The process of minting an NFT requires only a digital wallet and personal information.
• The process of minting an NFT typically involves submitting the picture of the artwork, name, introduction, description, tags, and proof of IP ownership.

23. Can a platform display an NFT image for public viewing if the NFT owner has licensed the rights?

• Yes, but only if the NFT is sold during a live auction on the platform.
• No, a platform can never display an NFT image publicly, regardless of licensing.
• No, platforms can display images only if they own the copyright outright.
• Yes, if the NFT owner has licensed the rights to the platform, they can display the NFT image for public viewing.

24. How can a platform ensure that it has the necessary permissions to display an NFT?

• A platform can ensure that it has the necessary permissions by obtaining approval from the copyright holder or the NFT owner, depending on the terms of the NFT.
• A platform can ensure that it has the necessary permissions by automatically granting licenses upon minting an NFT.
• A platform can ensure that it has the necessary permissions by assuming the rights are included with the NFT purchase.
• A platform can ensure that it has the necessary permissions by relying solely on the NFT owner’s public claims.

25. What happens if an NFT is resold multiple times without transferring copyright ownership?

• The copyright automatically transfers to the latest buyer of the NFT.
• The copyright ownership resets to the NFT platform after resales.
• The copyright is shared equally among all buyers of the NFT.
• The copyright ownership remains with the original creator, even if the NFT is resold multiple times.

26. How can IP rights of an NFT be managed through a smart contract?

• IP rights of an NFT can only be managed manually through paper contracts.
• IP rights of an NFT can be managed through a smart contract that assigns ownership and manages transferability.
• IP rights of an NFT cannot be managed, as they are automatically owned by the buyer.
• IP rights of an NFT can be managed solely by the NFT marketplace without any contracts.

27. What is the role of intermediaries in managing IP rights of NFTs?

• Intermediaries help manage IP rights by ensuring NFTs are created with appropriate authority.
• Intermediaries solely profit from selling NFTs without any responsibilities.
• Intermediaries can directly transfer copyright ownership of NFTs without consent.
• Intermediaries are responsible for creating the underlying content of NFTs.

28. Can a platform be held liable for copyright infringement if they facilitate the creation and sale of NFTs without proper authorization?

• Yes, a platform can be held liable for copyright infringement if they facilitate the creation and sale of NFTs without proper authorization.
• No, a platform can be held liable only if it actively promotes the NFT.
• No, a platform cannot be held liable for copyright infringement in any case.
• Yes, platforms are exempt from copyright infringement as they are not creators.

29. How does the principle of exhaustion apply to NFTs in different jurisdictions?

• The principle of exhaustion has no relevance to digital works in any jurisdiction.
• The principle of exhaustion applies uniformly across all jurisdictions without variations.
• The principle of exhaustion has varying applications in different jurisdictions, with some jurisdictions like the EU having a more nuanced approach to digital works.
• The principle of exhaustion only supports copyright owners in North America.

30. What is the significance of the `hash` in NFT copyright infringement in different jurisdictions?

• The `hash` in an NFT guarantees copyright protection universally.
• The `hash` in an NFT has no bearing on copyright law.
• The `hash` in an NFT only applies to physical artforms.
• The `hash` in an NFT can violate copyright rights in some jurisdictions.