NFT LICENSE
See the compatibility Tabs with Tokenart NFT Licence and Creative common free licence
About NFT Licences
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Directly inspired by the Creative Common project developed by the lawyer Lawrence Lessig, Tokenart brings a new legal standard to offer the creative world the possibilities allowed by the blockchain. It strikes a balance between the traditional "all rights reserved" framework resulting from copyright laws and opensource laws like Creative Commons promoting the free circulation of creations. It helps creators to protect and monetize their creations in all the 177 states signatory to the Bern Convention.
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Tokenart gives everyone, from individual creators to large corporations and public institutions, simple and standardized ways to represent copyright permissions on NFTs related to creations.
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Concept and basis of NFT LICENSES
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Tokenart licenses and protocol forge a balance inside the traditional “all rights reserved” setting that copyright law creates. Our protocol give everyone from individual creators to large companies and institutions a simple, standardized way to grant right permissions to their NFT identifying their creative work.
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Which problem NFT Licenses are resolving ?
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Without the creator consent, nobody is supposed to exercise his copyright. You need the creator consent te represent its artwork on a website, on a platform in order to sell it ou to rent it and so.
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NFT space does not take the author consent. Platform, owner, seller, never check author copyright through Licenses which makes a high risk of legal issues.
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Tokenart licences have three layers
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Legal Layer- readable by lawyers
It is explained in a language appreciated by lawyers
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Human layer -human readable
It is explained in a language appreciated by the creators of the non-legal researchers etc.
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Blockchain Layer - readable by blockchain
It translates into code certain requirements specific to the right chosen by the author, such as reserving a percentage each time the NFT is sold
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Possible combination for NFT LICENCE
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TA-DI
Traditional License. The only objective is to allow any NFT holder to do what they can usually do with their NFTs. This include the Right to use the NFT Artwork in any smartcontract verifying the proof of ownership (This include the Right to sell, rent and fractionalize the NFT artwork).
This is totally compatible with CC
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TA-PH
The NFT only represent the ownership over the physical described artwork. No other Intellectual property right are represented by the NFT. This means that the NFT is linked to the physical creation and the seller engage himself to deliver the physical piece when the NFT is bought.
This is totally compatible with CC
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TA-DI-CU
Same as TA-DI + the right to commercially exploit the Artwork on any support and by any means
It can be mixed with the follwoing Creative Common : CC-BY-NC ; CC-BY-NC-SA ; CC-BY-NC-ND
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TA-R
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The Author inform NFT holder that he will receive royalties on each NFT artwork transaction
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TA-DI-CU-A
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Same as TA-DI-CU + The author offers the right to Adapt the Artwork in order to create other NFT artwork or to commercially exploit the adaptation
It can be mixed with : CC-BY-NC ; CC-BY-NC-SA ; CC-BY-NC-ND
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TA-DI-E
Same as TA-DI + the NFT is exclusive by design : The author undertakes not to create other NFT with the same Artwork
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It can be mixed with : CC-BY-NC-ND / CC-BY-ND
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TA-DI-CU-E
Same as TA-DI-E + The author offers the right to commercially exploit the Artwork on any support and by any means
It can be mixed with : CC-BY-NC-ND
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TA-DI-A-E
Same as TA-DI-CU-E + The Author offers the right to Adapt the Artwork in order to create other NFT artwork or to commercially exploit the adaptation
It can be mixed with : CC-BY-NC-ND​
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TA-DI-(CU)-(A)-(E)-R
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Same as TA-DI- (CU) (A) (E) + The Author inform NFT holder that he will receive royalties on each NFT artwork transaction
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FAQ
What is a NFT ?
A non-fungible token (NFT as the abbreviation) is a specific type of crypto token that represents ownership of something unique.
Non-fungible tokens are not interchangeable or duplicable and are immutable. During any interaction or transaction, they remain individually identifiable and recognizable. The Tokenart service allows you to legally bind your physical work to an NFT.
Source : Swiss authentis.
How to authenticate my artwork with NFT ?
An NFT being unique and providing immutable proof, it makes it possible to identify and authenticate a work of art directly in the blockchain so as to leave a trace as solid and lasting as the blockchain is.
How to automate the royalties on a work of art?
When creating your NFT you will only have to choose the option allowing you to automate an annuity on all future sales of your work. Thus, if you choose a royalty of around 10%, this amount will be automatically paid to you for each of the transfers made via your NFT.
How to sell my artwork on plateforme ?
Once your physical work of art is linked to your NFT, you can put it on sale directly on platforms accepting NFTs and allowing direct online purchases.