Who owns NFTs?

What is happening? A report by Galaxy Digital Research says there are no ownership rights in an NFT.

Why is this important? The report says ownership of NFTs could be established by improving “the on-chain representation and transfer of intellectual property rights from NFT issuers to NFT token holders.”

How will this be important?  World of Women, a NFT collection, tries to get to this by creating “a governance structure in which the copyright of each WoW NFT ‘runs with’ the NFT, such that whoever owns the NFT owns the copyright.”

Business Standard | NFT owners have zero ownership of their digital arts, says Report