Blockchain Cannot Create Ownership, So What Does It Really Do for IP?

When minting an NFT or recording a transaction, it is easy to assume the buyer now owns the underlying artwork, music, photograph, or intellectual property. The legal reality, however, is rarely that straightforward. While a blockchain reliably proves that a specific digital record existed at a given time and makes that record nearly impossible to alter, intellectual property rights do not automatically follow. Recording a token ID on a ledger simply does not confer legal ownership of the asset itself.

Source: DeFi Planet