Legal Implications of Non-Fungible Token Asset Ownership in the Axie Infinity Platform Ecosystem

Abstract

This research aims to analyze the interrelation between intellectual property law and ownership of Non-Fungible Tokens (NFTs) on the Axie Infinity platform. The research method used is normative with a legal approach and document analysis technique. Data were obtained from literature and documents related to intellectual property law and ownership of NFT assets. The results show that intellectual property rights related to NFT assets on the Axie Infinity platform include copyright and brand rights. Ownership of NFT assets on the Axie Infinity platform has limited legal power, as it only grants rights to the digital representation of an asset, not the physical asset itself. However, the Axie Infinity platform has ensured the security of NFT asset ownership through the blockchain mechanism used. The conclusion of this research is that the interrelation between intellectual property law and ownership of NFT assets on the Axie Infinity platform requires appropriate legal protection, especially in terms of recognition of ownership legality and regulation of NFT asset rights.