Property Rights and Regulatory Rules of Blockchain Native Digital Assets NFT Digital Collections: Starting from the First Case of "Pang Hu Receives Vaccination"

Xiaoyu Yu; Yihuan Mao

doi:10.54254/2753-7048/62/20241778

Research Article

Open access

Published on 1 August 2024

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Yu,X.;Mao,Y. (2024). Property Rights and Regulatory Rules of Blockchain Native Digital Assets NFT Digital Collections: Starting from the First Case of "Pang Hu Receives Vaccination". Lecture Notes in Education Psychology and Public Media,62,29-33.

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Property Rights and Regulatory Rules of Blockchain Native Digital Assets NFT Digital Collections: Starting from the First Case of "Pang Hu Receives Vaccination"

Xiaoyu Yu *^,1, Yihuan Mao ²

¹ Huaiyin Normal University
² Huaiyin Normal University

* Author to whom correspondence should be addressed.

https://doi.org/10.54254/2753-7048/62/20241778

Abstract

With the application of blockchain technology, blockchain native digital assets represented by NFT have emerged. However, contrasting with its broad development prospects, Chinese law does not directly specify the property attributes and transaction nature of NFTs, and judicial practices are not unified. The judgment of the first case of "Pang Hu Receives Vaccination" NFT in 2022 sparked discussions on a series of legal issues related to NFT works. Legal uncertainty has become the greatest obstacle in the NFT trading market. The uniqueness and exclusive control features of NFTs align with property rights attributes. Therefore, existing blockchain native digital assets NFTs should be attributed to property objects, clarifying the regulatory rights under the trading of NFT digital collections, promoting the construction of a healthy market for blockchain native digital assets, and addressing subsequent issues such as bankruptcy and trust.

Keywords

NFT, property rights attributes, transaction regulations

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About volume

Volume title: Proceedings of the 5th International Conference on Education Innovation and Philosophical Inquiries

Conference website: https://www.iceipi.org/

ISBN：978-1-83558-587-0(Print) / 978-1-83558-588-7(Online)

Conference date: 12 July 2024

Editor：Mallen Enrique

Series: Lecture Notes in Education Psychology and Public Media

Volume number: Vol.62

ISSN：2753-7048(Print) / 2753-7056(Online)

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