NFT licensing is essential for both creators and buyers in the digital world. When you purchase an NFT (Non-Fungible Token), it’s important to understand that ownership of the token doesn't always mean ownership of the underlying intellectual property (IP). NFT licensing provides clarity on how the asset can be used—whether for personal, commercial, or exclusive rights. This licensing helps protect digital assets by clearly defining usage rights, modification permissions, and resale terms. By incorporating smart contracts and blockchain technology, NFT licensing ensures that both creators and buyers are safeguarded, providing an automated and transparent way to manage digital ownership and protect valuable IP rights.