One of the issues that still hasn't managed to be resolved in the mainstream NFT markets is what you are actually buying other than a record of ownership in a distributed ledger of a row that contains a link to a file.

Many people still think they are "buying" the art pointed to by an NFT, but that's generally not the case.

For example, the Larva Labs CryptoPunks does have a contract of sorts, but it does things like put an upper cap of 100,000$ that can be earned using the punk that the NFT you own points to, so it's a bit unclear on reproduction and monetization rights.

People who have blatantly copied CryptoPunks, or platforms that display such copies, have received DMCA take-down notices.

And so in this episode, I talk a bit about the issue of copyright and digital art, especially when the artwork is very very small.