Does owning an NFT grant you any real ownership of the artwork it represents? Do transactions on a blockchain represent a legally actionable chain of custody? Does having a license for "personal" or even "commercial" use of an artwork associated with an NFT enable you to send DMCA takedown notices, or do those rights reside with the original author of the artwork? Are "double spends" of intellectual property licenses really a problem that needs an expensive technical solution, or is simple contract law enough? Are "smart contracts" legally robust enough to stand up in a court of law? And, since blockchains are trustless and do not inherently convey the transfer of rights in any legally meaningful way, do you need a blockchain at all?
That's why we made That's My Ape!, an entirely blockchain-free cryptographic chain of custody tool that runs locally in your browser.
Try it out here!