An NFT Group Bought a Copy of Dune for $3.04 Million Thinking It's the Copyright

To create NFTs and an animated series. 💰 engineering

Perhaps, unknown to them is the fact that they have only bought a copy of the book and not its actual rights as many media outlets pointed out.

A decentralized autonomous organization is a new way of acquiring unique assets so that a group owns them. The aim of a DAO is to prevent the asset from being lost forever to a private collector and use the power of crowdfunding to raise the money required as well as take decisions pertaining to the asset. In November, we reported how a DAO raised about $47 million to acquireAlejandro Jodorowsky’s adaptation of Dune seems quite noble.

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