Are expiring copyrights the next goldmine for NFTs?
Extending the value of an expiring copyright
Currently, publishing houses have no incentives to collaborate with the estate of copyright holders that are about to enter the public domain because the work will soon be free. A certificate of authenticity represented by a tradable NFT might provide an incentive for such collaborations.
After the copyright expires and the work goes into the public domain, the NFTs will carry the royalty further into the digital world. Royalties can be generated through sales in the NFT marketplace on the blockchain or through even more complex smart contracts created for specific use cases for first edition, limited edition or signed vintage copies.
The estates holding expiring copyrights have credibility, which is a precious asset in the NFT world, and they have nothing to lose. They are in the box seat to capitalize on their current ownership and potential for a digital community.
Beloved characters and the worlds they inhabit can be a solid foundation for not only NFTs that can extend copyrights but also extended creativity across mediums like literature, gaming, Metaverse, charity, education and many more to come.
https://cointelegraph.com/news/are-expiring-copyrights-the-next-goldmine-for-nfts