The question raises a crucial legal question related to the nature of the link between the artwork and the token: is the token itself a work, a new material support of the work, or only a certification tool?
Reality is that when you purchase an NFT, you’re not purchasing the art at all – you’re buying a little packet of data on the #blockchain that points towards some art.
Blockchain tech is perfect for showing ownership or providence of #NFTs, and that is its real value!
In the case of tokenization of digital artworks, the NFT generally only contains a link (an URL) to the asset being represented, which can be stored off-chain, such as on a website.
It is also technically possible to include an entire data set of an #artwork in an NFT. But considering the energy consumption reality is that most tokens are only metadata files encoded without reproducing the artwork itself.
Unless it is specifically stated in the metadata, selling an NFT will not transfer ownership of copyright. Instead, NFTs transfer title to the digital asset.
But in the world of art, where provenance is of upmost importance and value, NFTs have opened the door for digital artwork to be easily verifiable, therefore suitable for trade.