According to Mr. Thanaarmates Arriyavat, Head of Venture Builder, KASIKORN X Co., Ltd., the "(C) Informed to DIP" badge will accompany art pieces on the Coral platform of which the copyrights have already been registered with the Department of Intellectual Property. The introduction of this badge is aimed at encouraging TDAF artists and other artists wishing to sell their NFT works on Coral to realize the importance of copyright registration, while also raising the awareness of art collectors and the general public. Artists may notify the Department of Intellectual Property of their copyright information at no expense, and after receiving the copyright number, they can inform Coral to attach the "(C) Informed to DIP" badge to their NFT art pieces and include the copyright information in the description section. Once the work is purchased and subsequently minted into NFT, the copyright number will be stored as metadata on blockchain, which can be audited and protected against any modification. The "(C) Informed to DIP" badge will ensure digital art collectors that their purchased art items are copyrighted and can be verified as such.
Mr. Vuttikrai Leewiraphan, Director of the Department of Intellectual Property (DIP), said, "The DIP is pressing ahead with steering the organization towards Smart DIP by using digital technology to enhance its efficiency in providing services and meeting the needs of the Thai public and businesspeople in the digital era. Once this is achieved, the DIP will be able to use numerous intellectual properties to add value to products, bolster their commercial benefits and enhance the country's competitiveness, particularly in the creative industry. Digital art trading on NFT art platforms at home and abroad is set to post steady growth, and this will offer Thai artists and entrepreneurs an opportunity to enter the digital art market, earn income and show their Thai identity via artwork and support from the DIP's knowledge and copyright service, which is in line with the government's soft power policy."
"With this in mind, the DIP has collaborated with KASIKORN X Co., Ltd., the owner of the NFT art marketplace Coral, to organize TDAF 2022, with the aim of encouraging Thai artists intending to sell their NFT artwork on the NFT art marketplace Coral to apply for a copyright with the DIP. The copyright application will serve as preliminary evidence of being an NFT owner and as an important mechanism for the prevention of copyright violation. The DIP is planning to expand such cooperation to other platforms, ensuring that Thai entrepreneurs are well-prepared via the Intellectual Property Advisory Center (IPAC), and promoting knowledge of NFT copyright and the Copyright Act (No. 5), which will take effect August 23, 2022, to facilitate the protection of digital copyright."
Interested collectors and artists looking to sell NFTs can learn more about Coral at https://coralworld.co/ or https://www.facebook.com/coralworld.co
Source: KASIKORNBANK