An NFT Group Paid $3.04 million For A Copy Of Dune, Assuming It Was The Copyright.

Spice DAO, a group of crypto investors, spent millions of dollars to acquire a rare adaptation of the science fiction novel Dune in order to create non-fungible tokens (NFTs) and an animated series.

Perhaps they are unaware that they have only purchased a copy of the book and not the rights to it, as many media outlets have pointed out.

A decentralised autonomous organisation (DAO) is a novel approach for a group to acquire unique assets. The goal of a DAO is to keep the asset from being lost permanently to a private collector by using the power of crowdfunding to generate the funds needed and make asset-related decisions. We reported in November that a DAO collected $47 million to buy a rare copy of the United States Constitution but lost the auction.

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Source: INTERESTING ENGINEERING