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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? This would not be the case if the work were in the publicdomain or if it could be considered an orphan work owned by a museum or a library.
COPYRIGHTS: Term copyright is a bundle of exclusive rights provided to the creator/owner of original works of authorship, which includes literary, dramatic, musical, and artisticworks, cinematographic films, and sound recordings. Broad classification of ‘works’ which are protected by copyright are-. Cinematograph films.
Applying this standard, the Court held “parody has an obvious claim to transformative value,” because “it can provide social benefit, by shedding light on an earlier work, and, in the process, creating a new one.” 483, 505 (2001). at 460, 494, 499) The Court made the same observation about injunctions in Campbell (510 U.S.
The goals of patent law are generally recognized as seeking to foster and reward invention; promote disclosure of inventions to stimulate further innovation and to permit the public to practice the invention once the patent expires; and to assure that ideas in the publicdomain remain there for the free use of the public.
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