October 2, 2022
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Is it Legal to take a Screenshot of an NFT?

NFT

Simply put, it is not illegal to screenshot an NFT. I repeat, it is not illegal to screenshot an NFT. NFTs (Non-fungible tokens­­) have been causing a stir in the social media of late. It has become an avenue for artists to showcase their art and buyers to get them at really high monetary value. What about individuals who cannot afford these said NFTs at their high price tags? Can we simply take a screenshot? Yes, you can.

With the high price tags attached to NFTs, you might be tempted to ask if simply taking a screenshot of an NFT is wrong or illegal in some way. Well, I have come to announce to you that it is in no way wrong or illegal to take a screenshot of an NFT. As a matter of fact, some NFTs that were popularly sold for amounts ranging from $1,800 to $560,000 can be easily downloaded via the internet for free.

Can you get sued for taking a screenshot of an NFT?

Well, as earlier mentioned, it is legal to take a screenshot of an NFT just as long as you don’t pass it off as yours and you don’t try to sell it out to buyers with a claim that it is your property. Doing so, the original owner of said NFT has every right to sue you to court for Copyright Infringement and you could even risk facing other criminal charges.

Can I make an NFT of someone else’s work?

Basically, yes! You can create an NFT of someone else’s work without getting into any legal trouble on grounds that you are given the necessary permission from the copyright owner.

In case you are still wondering what an NFT is, it is a token or we could call it a one-of-a-kind trading card. Still don’t understand?  It is something given out in exchange for something entirely different. Hence its name, non-fungible token. For example, bitcoin can be exchanged for bitcoin but Unlike bitcoin, you cannot trade NFT for NFT and even if it were to happen, the NFTs has to be different and unique. As you must have noticed, NFTs are really great in the market at the moment and are really expensive but as this article has explained, you can simply get the screenshot of an NFT for free or even download from the net for free. 

So why do we even bother to buy what we can get for free?

NFTs are purchased even at their high costs just for the same reason why people purchase art expensively. Because money denotes value. People place their own value on money, so the more expensive a thing is, the more value it holds.  

Are NFTs limited to pictures only?

NFTs could be pictures, gifs, songs, video clips, articles, even tweets can be used a NFTs. Click here to read about the tweet that was sold as an NFT.

And this is where we’ve come to the end of this article. Follow our website regularly to get smart answers to finance related questions and smart ways to make money.

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