In simple terms, NFT is like an electronic signature. (certificate) the author of the work, attached to a digital asset (picture, sound recording, game artifact, document), the authenticity of which is by default certified by persons, that are registered on the site, where is it created. That is, everyone who is registered on such a site, as it were, confirms, that it was the author who created the digital asset.
Seems, why is all this necessary, and how to make money here, especially in Russia. A truly real breakthrough for the Russian NFT market occurred at the St. Petersburg International Economic Forum (PMEF), where 16 June 2022 years for 200 thousand rubles, the world's first NFT version of the bill was sold, created in the State Duma through the first marketplace in Russia.
Currently, Russian law does not designate the status of NFT) It is worth considering the moment, that NFT is incorrectly attributed to digital currencies, because. they are digital certificates of ownership, are therefore subject to intellectual property, as a result of which they are the result of human intellectual activity. Because of, that NFTs are not regulated in any way at the legislative level, the NFT market faces such problems, how: fraud and violation of the exclusive rights of copyright holders, up to hacking "crypto wallets".
At this point in time in Russia, NFT essentially belongs to the category of other property and has the same legal status, like cryptocurrencies, before the adoption of special legislation. It is important to understand, that NFT is not prohibited for circulation in Russia, token can be freely bought, sell, exchange, present, keep, bequeath, contribute to the authorized capital of companies, make other transactions.
Can be predicted, that the general approach of the courts, when resolving disputes on artifacts, accounts, created on the respective playgrounds, (like NFTs, which was also created on a specialized platform) in, that the court does not protect the rights of the owners of such facilities and all disputes must be settled by the parties on such sites without the participation of the court, since all the actions of the defendant and the user of the game, including registration, implementation and execution of the game scenario, application of in-game sanctions to characters for violations of internal rules, relate exclusively to the gameplay, are governed by the internal rules of the defendant and are not subject to judicial protection. 19 May 2022 of the year, a draft law was submitted to the State Duma from the New People party, which introduces the concept of NFT. These changes are proposed at. 4, Art. 1225 Civil Code of the Russian Federation, to recognize NFT as an object of intellectual activity. The bill proposes to recognize NFT tokens as: non-fungible token of a unique digital asset (images, video or other digital content or asset) as non-interchangeable data, stored in the distributed ledger system (blockchain system). Thereby, this is the first step towards, that intellectual property laws apply to NFTs as well, to protect their copyright holders.
