Is "An NFT marketplace specifically for recipes. Chefs and home cooks tokenize their original recipes on-chain. Buyers own exclusive digital rights to the recipe. Top chefs auction their signature dishes as 1-of-1 NFTs." a good business idea?
The Idea
"An NFT marketplace specifically for recipes. Chefs and home cooks tokenize their original recipes on-chain. Buyers own exclusive digital rights to the recipe. Top chefs auction their signature dishes as 1-of-1 NFTs."
Roasted by
8
/100
DOOMED
Verdict
You cannot enforce copyright on a list of ingredients. Your core mechanic is legally unenforceable.
Recipes Are Not Copyrightable
The USPTO and most international law agree: lists of ingredients and basic instructions cannot be copyrighted. Your entire value proposition is legally void.
The NFT Buyer Has Nothing
Owning an NFT of a recipe gives you a JPEG of a recipe. The original file still exists. Anyone can still make the dish. The "exclusive rights" are fiction.
Wrong Cycle, Wrong Product
NFT marketplaces peaked in 2021. Floor prices on actual art are down 95%. Nobody is buying tokenized risotto.
Hall of Shame
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