Compared to general crypto even, NFTs are just a flat out scam. US law would not uphold NFT contracts because you cant sell moments, copyright only applies to human created IP and not computer generated art, and while the software parts have some usable applications, the NFTs themselves are basically glorified receipts that crypto bros buy from themselves to jack up the price.
It's an interesting question on copyright, take one of the more popular NFT's, the NBA's TopShot. I mean they license it to me and I bought it, I should own the copyright as far as my own use of it.
That's kind of abstract so let me explain what I mean. So let's say a buy an NFT of Jordan dunking all over someone, just a small video clip. Normally the NBA holds the copyright, so if say I record a game and cut a clip of a dunk, then I transcode it to a GIF, I can't share that GIF on the internet even with my friends because NBA copyright covers all sights, sound, pictures, and descriptions of the game. Hell, I can even describe how some player just dunked all over your team, but that is hardly enforceable unless I try and monetize a spots podcast/broadcast.
Now we have the case of this NFT, in theory I should own some sort of limited copyright of it, the NBA sold it to me. Let's say we are having a nice debate on the internet and I want to jam a point home, I should be able to post my copy of Jordan dunking all over someone on the internet, as I paid for my copy, no?
I'm not sure what type of copyright I get with these TopShot NFT's, but they are worthless if I can't share them with others. Anyone know the laws or copyright agreement with the TopShot NFT's?