#CRYPTOCAT SOCIAL GETS BACKING TO BUILD FREE#

The attraction to buyers is that unlike digital assets like e-books or licensed movies, NFTs can be bought, sold, displayed, gifted, or even destroyed just like personal property. Yet law has not kept pace with demand for unique digital property. In particular, the rules designed for the 2000s internet focused on expanding intellectual property licenses and online contracts to the point that we are mere users, not owners, of digital assets. A day later cryptography researcher, Nadim Kobeissi - best known for authoring the open-source E2E-encrypted desktop chat app Cryptocat (now discontinued) - had pulled in a pre-seed investment of. This article proposes a clear path for the evolution of the legal underpinnings of NFTs.

It argues that NFTs are personal property, not contracts (despite the “smart contracts” popular nomenclature) or pure intellectual property licenses (despite the currently governing law of digital assets like e-books). Cryptocat author gets insanely fast backing to build P2P tech for social media. Because transactions in NFTs are in the form of a sale, the law of sales of personal property should apply.

Posted By: ZachWilson 0 Comment capsule, censorship, Cryptocat, decentralized, free speech, Fundings & Exits, Nadim Kobeissi, p2p, privacy, Social.

#Cryptocat author for gets fast backing free The idea for Capsule started with a tweet about reinventing social media. And finally, the article notes that NFTs will serve as a powerful grounding example of digital personal property, a legal form of ownership that is both sorely needed and has not yet been clearly established online. That example will ground others, and permit law to again characterize those who buy scarce and valuable digital assets as true owners rather than mere users. #Cryptocat author for gets fast backing free.

#CRYPTOCAT SOCIAL GETS BACKING TO BUILD FREE#

Cryptocat social gets backing to build