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Intellectual Property and Copyright Flashcards

7 cards from real NFT practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

Read the first 7 Intellectual Property and Copyright flashcards as text

  1. An artist mints an NFT of their digital painting. Who holds the copyright to the underlying artwork by default?

    Answer: The artist who created it

    Copyright automatically vests in the creator of an original work, and minting an NFT does not transfer that right unless explicitly assigned.

  2. A collector buys an NFT artwork. What right does the collector NOT automatically receive?

    Answer: Right to make commercial reproductions

    Purchasing an NFT conveys ownership of the token, not a license to commercially reproduce the underlying copyrighted work.

  3. Which legal doctrine allows limited use of copyrighted material without permission for commentary or criticism?

    Answer: Fair use

    Fair use (17 U.S.C. § 107) permits limited use of copyrighted works for purposes such as criticism, comment, and education.

  4. An NFT project uses a famous logo without permission. What IP claim would the brand most likely pursue?

    Answer: Trademark infringement

    Unauthorized use of a brand's distinctive logo in commerce constitutes trademark infringement.

  5. What is a 'smart contract license' in the context of NFT IP rights?

    Answer: Code embedded in the NFT that automates royalty and usage terms

    Smart contract licenses encode usage permissions and royalty splits directly into the NFT's on-chain code, executing automatically.

  6. Under U.S. copyright law, how long does copyright protection last for a work created by an individual artist today?

    Answer: Life of the author plus 70 years

    For works created by individuals, U.S. copyright lasts the author's lifetime plus 70 years.

  7. A digital artist creates an NFT collection while employed at a design studio during work hours. Who likely owns the copyright?

    Answer: The employer, under work-for-hire doctrine

    Works created by employees within the scope of employment are 'works made for hire,' giving copyright ownership to the employer.

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