A NFT Copyright Dispute Centers on CryptoPunks

Holders of the original non-fungible token (NFT) collection CryptoPunks V1 have filed a counter-DMCA notice to overturn a request by creator Larva Labs to delist the collection from OpenSea.

Larva Labs issued the DMCA notice — a takedown notice by copyright holders — earlier in the month, arguing it maintains the license for the V1  tokens and no longer wants them to be traded, as they undermine the value of the current V2 series. The V1 community is arguing that as close to US$50 million has been spent on the V1s, the community holds at least some ownership over the assets.

As the legal proceedings continue, the case will be closely watched for what it may reveal about the future of copyright laws and the potential need for oversight within the industry. 

Read the source article at Emerging technology in the business