CryptoPunk Owners Have New Way to Make Money: Renting Out Their Avatars

Decrypt
08/06/2021

Dan Healy, a partner in Anderson Kill's D.C. office, recently explained to Decrypt that ownership of an NFT does not automatically imply ownership of the underlying intellectual property rights.

“There is a difference between the CryptoPunk image creator (who would own the copyrights not transferred to the NFT buyer) and the purchaser/owner of the NFT (who would own the token and a copy of the image).

Also, it is generally recognized that a buyer of a painting does not acquire the copyrights in the painting, but has the right to display the copy purchased,” Healy said.

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Insurance Recovery Attorney | Anderson Kill LLP
Daniel J. Healy
Partner
Washington, DC

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