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In this paper, it is argued that Private-property law must be the field of law governing transactions involving Non-FungibleTokens. The current trend in internet law, has tended to elevate companies’ rights through contracts and licences while demoting owners to simple users. [1] Peak Computer, Inc.,
First off today, Samantha Handler at Bloomberg Law reports that the film studio Mirimax has filed a copyright infringement lawsuit against director Quentin Tarantino over Tarantino’s plans to release of Non-FungibleTokens (NFTs) related to the film Pulp Fiction. 3: $31m piracy penalty for ChitramTV.
On September 23, the art site PokerPaint announced on their Twitter (Tweet now deleted) that they were releasing a series of Non-FungibleTokens (NFTs) on OpenSea. Goldsmith became aware of the series after Prince’s death in April 2016 and that resulted in the lawsuit. From PokerPaint Websote.
Apart from this, Non-FungibleTokens, the brainchild of Kevin McCoy and Anil Dash, is a unit of data stored in a digital ledger that certifies that the digital asset is unique and is hence non-interchangeable. In 2016, the USPTO rejected Bitcoin’s trademark application.
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