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In a landmark decision, US Copyright Office has rejected a request to allow the artificial intelligence (AI) system dubbed “Creativity Machine” to copyright a piece of artwork it made. Unfortunately, it could be bad news for some non-fungible tokens( NFT) that solely depend on AI without any human intervention.
The Creativity Machine’s art called “A Recent Entrance to Paradise” developed by Steven Thaler tried to copyright the image for the algorithm he called “Creativity Machine”, according to The Verge. However, a board of three people in the US Copyright Office has found that Thaler’s AI-created picture didn’t contain a trace of “human authorship”.
The court’s decision makes “the nexus between the human mind and creative expression” an essential aspect of copyright.
Thaler explained his AI artwork as a “simulated near-death experience” in which an algorithm processes images to produce hallucinatory images, as well as a fictional story about the afterlife, as per the report.
Yet, “the courts have been consistent in finding that non-human expression is ineligible for copyright protection,” the board stated in its ruling.
What is NFT?
NFTs are digital files existing on a blockchain. User purchasing NFTs gain rights of ownership to the file as well as access to it.
Rough estimates suggest that NFT’s worth $17.7 billion were purchased in 2021. That increase in number is substantial compared to the previous year. According to data from NonFungible.com, total sales in 2020 stood at $340 million.
Today, there are thousands of NFT platforms that are available across different marketplaces. However, to ensure that you get your hands on a collectible, you need to navigate specific tokens as not every NFT marketplace sells similar tokens. Thanks to the ever-increasing popularity, NFTs have given way to several NFT marketplaces.
OpenSea has been the first-ever decentralized non-fungible token (NFT) marketplace for selling, buying, and trading NFTs. One of the biggest marketplace dealing with digital goods, it allows users to trade all sorts of unique digital items.