You would need a central authority (the copyright holder) to maintain a list of legitimate NFTs. However, you would not need to get their permission whenever you want to sell them.
How do you plan to sell some digital artifact is you either a) don't have a right do this, or b) have a right but the medium (NFT and blockchain) doesn't support transfer of the IP rights in any form? You would need the central authority to track IP rights and ownership in the centralised DB and which point why use NFTs in the first place?
> You would need the central authority to track IP rights and ownership in the centralised DB and which point why use NFTs in the first place?
You wouldn't need a single central authority, you could have multiple certifying agencies who would have their own reputation. Similar to how there are multiple ratings agencies that can certify a bond as AAA, or multiple art curators who can certify a painting as genuine, or different comic book graders.
The number of centralised authorities doesn't change the core problem in my question - how do you sell anything with attached IP rights when NFT infrastructure doesn't support this operation?
The NFT infrastructure supports buying and selling tokens. Attaching IP rights to that token can be done through the legal system, and third party agencies could attest on the blockchain that they believe the token has such a legal structure in place and properly set up (e.g. that the legitimate rightsholder has signed the release/deed/what-have-you in question).
> Oh, how cool, I didn't know that NFTs had a field called "legal system" inside. You probably pack those pesky IP rights into megawumbo package, and pass it to the Rockewell Turbo Encabulator which neatly packs them into just seven bytes.
You do it the other way round; the token is a token, you would set up a deed or a trust or what have you that associates whatever rights you want to with that token.
> The bullshit you are describing is called a centralised system and NFTs are completely not needed for it's functioning.
True enough. But there are things that the current system handles badly, and it's not great at transferring things quickly or internationally.
> That "legal system" will need to have a centralised DB and store ALL information inside it to verify real ownership.
The previous owner would need to set it up so that ownership irrevocably rested with the token bearer. But that's doable. (I'm not saying it's wise, but it's doable)
