Thentic - Automate Web3 tasks with No code & AI: How to Stop Copyright Infringement and the Role of NFT Codes

Thentic - Automate Web3 tasks with No code & AI: How to Stop Copyright Infringement and the Role of NFT Codes

In recent years, the rise of Web3 has brought about many exciting developments in the digital world. With the advent of blockchain technology and the emergence of NFTs (Non-Fungible Tokens), individuals and businesses now have new ways to create, own, and trade digital assets. However, along with these advancements come challenges, particularly when it comes to copyright infringement and the role of NFT codes. In this article, we will explore the intersection between Web3 automation, copyright protection, and the evolving legal landscape surrounding NFTs.

Automation and No Code in Web3

Thentic, a pioneering platform, is at the forefront of automating Web3 tasks with no code. By leveraging artificial intelligence, Thentic enables users to automate various processes in the Web3 ecosystem without the need for extensive programming knowledge. This innovative approach simplifies the creation and management of digital assets, making it more accessible to a broader audience.

The Case of Copyright Infringement and NFT Codes

In a recent high-profile case in China, the implications of copyright infringement and the role of NFT codes were scrutinized. The court ruled that simply disconnecting the NFT codes from the infringing works was not sufficient to stop the infringement. Instead, the NFT codes themselves should be sent to a "black hole" address to ensure the complete cessation of infringement. This ruling raises important questions about the responsibilities of platforms, the nature of NFT transactions, and the rights of users.

The Obligations of Platforms in Copyright Infringement Cases

One of the central issues in the case was whether the platform had fulfilled its obligation to prevent copyright infringement. The court held that the presence of a watermark on the infringing works did not automatically absolve the platform of its duty to exercise reasonable care. Additionally, the platform's deletion of the underlying infringing images from its servers and the inability of users to access or trade the NFT codes through the platform's app interface were considered as actions taken to prevent further infringement.

However, it is crucial to note the limitations of such measures. While deleting the infringing images and restricting access may prevent immediate infringement, it does not guarantee the permanent cessation of infringement. The use of blockchain technology brings about challenges in completely eradicating infringing NFT codes, as they can still exist on the blockchain despite being disconnected from the platform.

The Rights and Limitations of NFT Owners

Another significant aspect of the case focused on the rights of NFT owners. The court's initial ruling considered NFT transactions as a transfer of ownership, but this interpretation raises concerns. The current civil law in China does not explicitly define digital assets on the blockchain, and recognizing NFT ownership contradicts the country's financial regulatory direction, potentially leading to speculative risks.

Furthermore, NFT owners do not possess the private keys necessary to extract the NFT codes into their own blockchain wallets, nor do they have complete control over the disposal and profits of NFTs. This limitation raises questions about the extent of ownership and the rights of NFT owners.

Determining the Applicable Rights: Information Network Transmission Rights or Issuance Rights?

A significant debate in the case revolved around whether NFT transactions are primarily governed by information network transmission rights or issuance rights. It was argued that NFT codes are not accessible to the general public and, therefore, do not meet the criteria of information network transmission rights. Instead, the transaction of NFTs resembles the sale of rights or vouchers based on issuance rights, rather than copyright-related issues.

The Importance of Policy Considerations

The evolving legal landscape surrounding NFTs requires careful consideration of policy implications. The widespread use of the term "issuance" in the domestic digital asset industry, coupled with the limited number of NFTs issued, indicates that NFTs should not be viewed as an object of copyright infringement. A broad interpretation of NFTs as copyright-protected works could potentially lead to an influx of copyright infringement cases and create widespread legal challenges.

Actionable Advice for Web3 Participants:

1. Clarify Ownership and Rights: When participating in NFT transactions, it is essential to understand the limitations of ownership and rights associated with NFT ownership. Educate yourself on the legal frameworks and regulations surrounding NFTs to make informed decisions.

2. Enhance Copyright Protection Measures: Platforms should proactively implement robust measures to prevent copyright infringement. This may include implementing advanced watermarking techniques, employing AI algorithms for content recognition, and exploring innovative strategies to combat copyright violations effectively.

3. Foster Collaboration and Industry Standards: The Web3 community must come together to establish industry standards and best practices for NFT transactions. Collaborative efforts can help address legal ambiguities, mitigate risks, and ensure the sustainable growth of the NFT industry.

Conclusion

As the Web3 ecosystem continues to evolve, it is crucial to navigate the complex intersection of copyright law, NFT codes, and automation. Thentic's no-code approach to Web3 automation offers a glimpse into the future of digital asset creation and management. By understanding the legal challenges and opportunities surrounding NFTs, participants in the Web3 space can contribute to the development of a robust and responsible ecosystem.