Does it mean the secondary buyer does not have the same rights as the initial buyer?
When you purchase an NFT directly from its original seller, you're granted specific rights as detailed in your purchase agreement. This could encompass ownership of the token, the right to display it, and perhaps certain usage rights related to the digital content it represents.
However, the landscape shifts if you decide to sell this NFT to another party. While the new buyer will indeed own the NFT, they might not automatically inherit all the rights you initially had. For instance, owning the NFT linked to a digital artwork doesn't always grant the rights to reproduce or commercially use the artwork, unless there's a separate agreement in place.
At IOGINALITY, we've recognized these complexities and designed solutions to address them. Our platform's Terms of Service and IP-packages ensure that both primary and subsequent buyers are crystal clear about the rights they're acquiring. Every transaction is transparent, and rights remain consistent across the board. We encourage all users to familiarize themselves with our Terms of Service upon registration to stay informed.
Furthermore, our innovative approach of embedding IP licenses directly into the NFT ensures these rights are retained and protected, even during resale. This integration offers both buyers and sellers an added layer of confidence and security, enhancing the overall experience on the IOGINALITY platform.