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  • Future Possibilities for the NFT Art Market
  • The IC3 NFT License
  • Recommended articles:

NFT Readings

Interesting and recommended reading materials and research papers on all things NFTs. Mainly general material that doesn’t fit into other wiki pages.

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Last updated 1 month ago

Future Possibilities for the NFT Art Market

PDF

Overview: The article is focused on general introduction into NFTs from art perspctive

The IC3 NFT License

Overview: The IC3 NFT License links an NFT with a copyright license to use a creative work. The license travels with ownership of the NFT, so that when the NFT is transferred, so is the license. The IC3 NFT License has been specifically designed to work with blockchain-based NFTs, but it is not restricted to blockchain-based NFTs. The license uses the technology-neutral term “Ledger” to refer to the system that records information about NFTs and their owners. This could be a present-day blockchain, or another chain or system that could be created in the future. The IC3 NFT License can be used with any underlying technology as long as it:

  1. Supports NFTs based on persistent unique identifiers,

  2. Associates those NFTs with specific owners,

  3. Allows the owner of an NFT to control it with a cryptographic key and,

  4. Allows an NFT to be linked to a creative work.

This system can be widely distributed (like a public blockchain), moderately distributed (like a private blockchain), or fully centralized (like a database with a single administrator). Use of the IC3 NFT License for other kinds of licensing is strongly discouraged. The IC3 NFT License has also been specifically designed to work with NFTs that implement the interface defined in EIP-5222. This is a general smart contract interface that provides modular support for common features in copyright licensing, including transfer, sublicensing, and revocation. The IC3 NFT License can also be used with NFTs that implement the generic NFT interface defined in EIP-721, or with other NFTs, but the EIP-5222 interface is recommended to reduce ambiguity about when there has been a transfer, sublicense, or revocation.

Paper available: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4169092

Recommended articles:

  • Manifold on Smart Contracts and Creative Sovereignty. Eric Diep explains how Web3 enables true authenticity https://zine.zora.co/manifold-s-eric-diep-on-smart-contracts-and-creative-sovereignty

  • Future Possibilities for the NFT Art Market https://medium.com/initc3org/future-possibilities-for-the-nft-art-market-cb37604d81d9

Medium article
NFTs for Art and Collectables: Primer and Outlook