• Title/Summary/Keyword: NFT Art Market

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A Study on Technology to Counter Copyright Infringement According to NFT Transaction Types

  • Kim, Cheong Ghil
    • Journal of the Semiconductor & Display Technology
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    • v.20 no.4
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    • pp.187-191
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    • 2021
  • In the digital world, the transactions of assets with intrinsic value can be applied to games, literature, art, and music by issuing NFTs (Non-Fungible Tokens) based on Blockchain; various NFT exchanges are emerging accordingly just like real world asset exchanges. However, there could be an issue of copyright infringement in those NFT transactions. Therefore, this paper has classified the types of copyright infringement that may occur in NFT exchanges and proposes the copyright infringement countermeasures according to them. For this purpose, 10 types of NFT exchange are examined. Eventually, it can be expected that the proposed countermeasures will contribute to the revitalization of the NFT market by providing solutions for those issues.

Study on Methods for Arts Sponsorship Using Smart Contracts and Non-fungible Tokens (스마트 계약과 대체 불가능 토큰을 활용한 예술 후원 방법에 대한 연구)

  • Lee, Eun Mi
    • The Journal of the Convergence on Culture Technology
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    • v.8 no.1
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    • pp.523-529
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    • 2022
  • Art sponsorship contributed to the development of culture and art by supporting art activities to be financially stable. Various problems in the non-fungible tokens (NFTs) market, such as speculative transactions, are also expected to be improved through sound art sponsorship. This study proposes methods of implementing art sponsorship using NFTs and smart contracts. First, we propose a method of posting the acknowledgement of art sponsorship using NFT metadata. Second, we propose a method to remit sponsorship funds according to the project schedule using time-locked wallets. Third, we propose a method to remit sponsorship funds when major events of the project occur or requirements are met using Event-Driven Execution. The proposed methods can be used to share the fact about art sponsorship and safely fund it. However, many decisions about art projects must be made based on information generated outside the blockchain, which can lead to Oracle problems, so further research is needed.

Real 3D Property Integral Imaging NFT Using Optical Encryption

  • Lee, Jaehoon;Cho, Myungjin;Lee, Min-Chul
    • Current Optics and Photonics
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    • v.6 no.6
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    • pp.565-575
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    • 2022
  • In this paper, we propose a non-fungible token (NFT) transaction method that can commercialize the real 3D property and make property sharing possible using the 3D reconstruction technique. In addition, our proposed method enhances the security of NFT copyright and metadata by using optical encryption. In general, a conventional NFT is used for 2D image proprietorial rights. To expand the scope of the use of tokens, many cryptocurrency industries are currently trying to apply tokens to real three-dimensional (3D) property. However, many token markets have an art copyright problem. Many tokens have been minted without considering copyrights. Therefore, tokenizing real property can cause significant social issues. In addition, there are not enough methods to mint 3D real property for NFT commercialization and sharing property tokens. Therefore, we propose a new token management technique to solve these problems using integral imaging and double random phase encryption. To show our system, we conduct a private NFT market using a test blockchain network that can demonstrate the whole NFT transaction process.