Intellectual property has an awkward fit in Web3 decentralization — Lawyers

Intellectual property (IP) rights will continue to be a growing area of tension within Web3 and nonfungible tokens (NFTs), as IP rights often rely on a single “identifiable entity,” while Web3 is more often decentralized.

Speaking to Cointelegraph, David Kappos, a partner at Cravath, Swaine & Moore LLP, said that IP is traditionally “owned by an identifiable entity, which makes it necessarily centralized from a legal viewpoint.”

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