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When the original work’s creator and the NFT work’s creator are the same people
The allocation of rights will be negotiated on inequitable conditions and laid down in a smart contract on the platform to specify what rights the buyer of an NFT work may anticipate from the author.
Frequently, just the rights linked to the cast NFT work are agreed upon, not those attached to the original work. According to Christie’s contracts, the buyer of an NFT obtains solely ownership of the NFT as well as the rights to keep, sell, and dispose of it. They do not, however, necessarily possess the intellectual property rights to the original work which has NFT.
As a result, unless the contract expressly states otherwise, a customer who acquires an NFT does not obtain any rights to the original work on which the NFT is based.
When the creator of the original work is not the same person as the creator of the NFT work
The NFT artist uploads the original work to the blockchain and mints NFT that may be exchanged for profit. If the foundry is approved, you will be given the rights to the NFT work that are specified in the contract.
There is a possibility of intellectual property violation if the minter is not permitted. If the minted NFT work is later removed off the platform due to infringement, the buyer’s NFT is left with nothing.
Finally, purchasing an NFT does not entitle you to physical work, copyright, or any other work-related rights. The smart contract’s rights must be understood by the buyers.
You can simply verify ownership of an NFT if you have one.
Demonstrating that you hold an NFT is equivalent to demonstrating that you have ETH in your account.
Let’s imagine you buy an NFT and have the ownership of the one-of-a-kind token transferred to your wallet through your public address. The token verifies that your digital file copy is the original. Your private key serves as verification that you hold the original. The public key of the content author acts as a certificate of authenticity for that specific digital object.
The public key of the originator is inextricably linked to the token’s history. You may use the creator’s public key to prove that the token you own was generated by a certain person, increasing its market worth (vs a counterfeit).
Signing messages to confirm you possess the private key behind the address is another technique to prove you own the NFT.
Your private key serves as proof of ownership of the original, as previously stated. This indicates that the NFT is controlled by the private keys underlying that address. A signed message may be used to prove that you possess your private keys without disclosing them to others, as well as showing that you own the NFT! It cannot be manipulated in any manner. You can sell it, and in some situations, resale royalties will be paid to the original inventor. Alternatively, you can keep it indefinitely, safe in the knowledge that your Ethereum wallet will protect your investment.
And if you make an NFT, that’s even better. You may simply establish that you are the creator. You determine the scarcity
Every time it is sold, you can receive royalties. You may sell it on any NFT or peer-to-peer exchange. You’re not tied to any one platform, and you don’t need anyone to help you out.
>> Learn more about WrapTag <<
Start your journey
WrapTag App lays on top of the web 3.0 foundation, which differentiates its operation from traditional web apps.
Get KEYRING PRO
To start using the WrapTag app, the user will need to have a ready-to-use wallet as KEYRING PRO. It allows user to sign in decentrally without prior registration.
- Download KEYRING PRO (iOS, Android, APK)
- Open KEYRING PRO
- Choose your language
- ‘Create new account’, or import one
- Choose TomoChain
Sign in to WrapTag App
Once your wallet is ready, you will need to sign in to use WrapTag App.
- On your mobile browser (Chrome, Safari, Firefox, etc.), go to app.wraptag.io
- Tap ‘Connect to wallet’
- Choose KEYRING PRO, Tap ‘Connect’
- On KEYRING PRO, choose your account then tap ‘Connect’
- Switch back to your Browser
- WrapTag home screen will appear
How to scan NFC Tag?
It only takes a few seconds to scan NFC Tag with WrapTag App.
- Tap ‘Start here’
- Scroll down, choose ‘Scan’
- Scan NFC Tag
- Choose your account, then tap ‘Connect’
- Once the NFT Certificate appears, tap ‘View’
- You will be able to view the wrapped item with details.
How to rewrite NFC Tag?
You can always rewrite, or replace your NFC Tag with WrapTag App.
- Tap ‘Start here’
- Scroll down, choose ‘Replace’
- Choose the broken WrapTag
- Tap ‘Transfer’
- Scan the new WrapTag
- Tap ‘Transfer NFT’
- A new NFT Certificate of the new WrapTag will appear.
Where to buy NFC Tags?
You can purchase NFC Tags directly on WrapTag App.
- On the home screen section, tap the ‘Cart’ icon
- Choose types of Wraptag, tap ‘Add to cart
- Tap the ‘Cart’ icon
- Set an amount, Tap ‘Check out’
- On the confirmation screen, tap ‘Confirm’
- Tap ‘Add card’
- Fill in your card info, tap ‘Next’
- A popup will confirm your card, tap ‘Next’
- Tap ‘Next’
- Your order will appear in the purchase history screen.
