NFTs

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Horse Roundup, 2022, Digital File

What is an NFT?

An NFT (Non-fungible token) is a digital asset that exists on a blockchain. All kinds of digital objects – still images, videos, music, spoken audio, written text, and more– can be bought and sold as NFTs. The blockchain serves as the public ledger. This allows anyone to verify the authenticity of the NFT and its ownership. Unlike most digital images, this public record provides a unique “signature” that is equated with every unique NFT.

Like physical objects, however, ownership of an NFT does not equate to copyright ownership of the image. Unless otherwise specified in the sale, the artist retains the copyright of the image.