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Now, a further development on IP and NFTs comes from Spain, as Katfriend Mercedes Morán Ruiz (CEDRO) reports: Can the owner of an artisticwork convert it into an NFT for its use in the Metaverse? Pending that, this cat lover (and dog lover, and also lover of NFTs) wonders about the following few issues. 5/08, paragraph 56; C?435/12,
The general position in intellectual property laws states that upon the assignment of the copyright by the artist over his artwork to another legal entity, the artist cannot enjoy any economic benefits attached to the artwork. Furthermore, the resold artwork should be sold for a sum exceeding at least Rs.10,000
The plaintiff has registered its “Social” trademark and states to have invested considerably in its advertisement from 2001-2023. The Court also took note of the defendant’s applications for identical trademark and artisticwork, despite the plaintiff’s prior registrations for lack of bona fides.
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