A federal court has dismissed a lawsuit that questioned the ownership rules of Quantum, an NFT, minted by Kevin McCoy and sold by Sotheby’s.
SNEAK PEEK
- In a legal matter based on testing the way blockchain technology relates to rights of artists, a New York court has refused a lawsuit regarding Quantum, the world’s first NFT’s ownership.
- Quantum’s legal battle is part of an attempt towards defining rules of digital artworks’ ownership.
- Kevin McCoy who minted the NFT and Sotheby’s, the auction house, who sold it were sued by Free Holdings, a Canadian firm.