The IC3 NFT License

12 Pages Posted: 27 Jul 2022

Date Written: July 20, 2022

Abstract

The IC3 NFT License is a copyright license specifically designed for use with NFTs. This document describes the technical, conceptual, and doctrinal challenges posed by NFT licensing and explains the design decisions made in drafting a license to solve them. The license itself, which is designed to be used in conjunction with a technical process (such as the one described in Ethereum Improvement Proposal 5218), links a creative work to an NFT so that when the NFT is transferred, so is the license.

Keywords: copyright, blockchain, NFT, licensing

JEL Classification: K00

Suggested Citation

Grimmelmann, James and Grimmelmann, James, The IC3 NFT License (July 20, 2022). Available at SSRN: https://ssrn.com/abstract=4169092 or http://dx.doi.org/10.2139/ssrn.4169092

James Grimmelmann (Contact Author)

Cornell Tech ( email )

2 West Loop Road
New York, NY 10044
United States

Cornell Law School ( email )

Myron Taylor Hall
Cornell University
Ithaca, NY 14853-4901
United States

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