Evolving technologies like blockchain and the metaverse are profoundly impacting the entertainment industry's legal landscape, reshaping how content is created, distributed, and consumed.
Blockchain technology, with its decentralized and immutable nature, is poised to disrupt copyright and ownership rights. NFTs (Non-Fungible Tokens) built on blockchain platforms allow creators to directly sell their work, bypassing traditional intermediaries and retaining ownership. This shift empowers creators and offers them new revenue streams, but it also necessitates legal frameworks addressing issues like secondary market sales and intellectual property rights.
Furthermore, blockchain can facilitate secure and transparent royalty distribution systems. By recording transactions on a distributed ledger, artists can track payments and ensure they receive their rightful share of revenue. This increased transparency and accountability can address longstanding issues of unfair royalty ....
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