LexBlog IP

FEBRUARY 21, 2022

billion in sales in 2021 alone, the non-fungible token (“NFT”) has recently undergone a dramatic rise in prominence in the cryptoverse, similar to the “crypto summer” of 2017-18 or the “DeFi summer” of 2020. With an astounding $17.7 million) knew that the NFT may or may not reference any art at all.

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IIPRD

APRIL 8, 2024

This article delves into the ongoing debate around the issue of right of ownership of copyright by AI generators for their novel artwork. There is a need to shed light on the legal status of AI which can help the courts determine whether they are eligible to ownership rights of copyright for their work or not.

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SpicyIP

MARCH 16, 2025

In 2020, the plaintiff issued legal notice to the defendants. The two products were also similar in terms of artwork, colour scheme and packaging. The plaintiffs established their longstanding ownership of the mark, whcih they used since 1963 internationally, and demonstrated substantial business revenue.

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The IP Law Blog

MARCH 31, 2022

Even though an idea is not property subject to exclusive ownership, its disclosure may be of substantial benefit to the person to whom it is disclosed. Although Hasbro passed on each of Wexler’s mash-up ideas, including the Connect 4/Nerf concept, from 2019 to 2020 Hasbro sold a line of products under the name “game mash+ups” at Target.

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IP and Legal Filings

SEPTEMBER 30, 2022

Even presently, user creation and ownership of valuable assets and currencies contribute to developing a unified metaverse, which includes VR Technology, Augmented Reality, virtual currencies, NFTs, and other similar technologies. Artists are using virtual reality and augmented reality to create previously unimagined artworks.

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IP and Legal Filings

FEBRUARY 7, 2023

According to a Bloomberg Intelligence report [2] , the worldwide revenue opportunity from the metaverse is predicted to hit $800 billion in 2024, up from the estimated $500 billion in revenue generated by the metaverse in 2020. In contrast, NFTs and brands in the metaverse bring unique ownership considerations.

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JIPEL Copyright Blog

MARCH 29, 2022

Along with these evolutions in the digital space, forms of investment and ownership are also advancing to make use of these technologies. 6, 2020, which sold for nearly $400,000. Essentially, an NFT is a digital token that can serve as a certificate of ownership. However, the underlying digital artwork itself is not the NFT.

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IIPRD

AUGUST 4, 2022

However, in order to have legal proof of ownership, it is always advisable to register for copyright registration. For example, in 2020, @karmanverdi – a Russian Musical Artist – created a novel approach to take photos in Lockdown and titled the series “There are so many ghosts at my site.” Trademarks.

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LexBlog IP

APRIL 25, 2022

When the Anti-Money Laundering Act of 2020 (“AMLA”) became law on January 1, 2021, it was described as the most influential anti-money laundering (“AML”) legislation since the USA PATRIOT Act. [2] ” [7] In 2020, Treasury defined high-value art as artwork having an estimated market value of over $100,000. [8]

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LexBlog IP

MAY 18, 2022

However, a copyright registration certificate serves as evidence of ownership, which is required for enforcement actions by administrative authorities. In addition to copyright registration, Chinese courts accept electronic evidence obtained via blockchain technology to prove copyright ownership and facts of infringement.

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LexBlog IP

APRIL 1, 2022

As many know by now, non-fungible tokens (“NFTs”) are unique units of data stored on a blockchain that have become an increasingly popular way to buy and sell artwork (as well as all kinds of other things). 6, 2020), available at [link] ; see also Gary Plastic Packaging Corp. 2]. See, e.g. , Complaint, S.E.C. Ripple Labs, Inc.

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LexBlog IP

DECEMBER 7, 2022

Within hours, his work, Comedian , sold for $120,000, went viral, and became that year’s perhaps most discussed artwork. [2] Morford cannot claim ownership over a natural element (a fruit) and a functional component (duct tape). 2020) (quoting Bateman v. 3] On July 6, 2022, Judge Robert N. ” [21]. 26, 2007)). [17]

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IP Whiteboard

JUNE 7, 2021

This means that each time an NFT changes hands, the transaction is verified, adding a new record to the chain of ownership. NFTs have a variety of uses which extend far beyond digital artwork. The ownership of an NFT can be easily authenticated, meaning buyers can have confidence that they are buying the real deal.

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LexBlog IP

MARCH 31, 2022

Even though an idea is not property subject to exclusive ownership, its disclosure may be of substantial benefit to the person to whom it is disclosed. That disclosure may therefore be consideration for a promise to pay.

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LexBlog IP

JUNE 15, 2022

In my recent attempt at spring cleaning, I mentioned that “ the Copyright Office’s ‘refusal to register a two-dimensional artwork claim in the work titled ‘A Recent Entrance to Paradise’ (‘Work’).” 263, 265-66 (2020) ]. 263, 319-320 (2020) ]. But the author is never the machine.

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IP Tech Blog

JANUARY 4, 2023

Ownership and Enforcement. Ownership and scope of protection against infringers are among the key challenges to copyright protection of NFTs. Ownership and scope of protection against infringers are among the key challenges to copyright protection of NFTs. Copyright Ownership. Trademark Ownership and Infringement.

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LexBlog IP

AUGUST 13, 2021

On July 12, 2021, Justice Andrew Borrok ruled that the rightful owners of two artworks by the Viennese Expressionist Egon Schiele (the “Artworks”) are entitled to prejudgment interest following an art dealer’s refusal to turn over the Artworks in 2015. [3] .” [2]. ” [10]. ” [10]. ” [10].

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LexBlog IP

JANUARY 4, 2023

Ownership and Enforcement. Ownership and scope of protection against infringers are among the key challenges to copyright protection of NFTs. Ownership and scope of protection against infringers are among the key challenges to copyright protection of NFTs. Copyright Ownership. Trademark Ownership and Infringement.

IP 52

IP Ownership Non-Fungible Tokens Copyright Law 52

CopyrightsWorld

APRIL 29, 2022

The US Copyright Office has determined that some AI artworks cannot be copyrighted in the United States. Last Monday, the Copyright Office issued a fresh ruling rejecting a request to copyright an AI-generated artwork. “Visions of a Dying Brain” created by AI. ” An Exchange of Letters with the Copyright Office. .”

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CopyrightsWorld

APRIL 29, 2022

The US Copyright Office has determined that some AI artworks cannot be copyrighted in the United States. Last Monday, the Copyright Office issued a fresh ruling rejecting a request to copyright an AI-generated artwork. “Visions of a Dying Brain” created by AI. ” An Exchange of Letters with the Copyright Office. .”

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Copyright Artwork Public Domain Art 98

The IPKat

DECEMBER 14, 2023

The Regulations also protect the rights of authors of an original applied or fine artwork to a share in the proceeds of sale of that work as long as copyright subsists. A presentation of the report was made by Hon. Katpost on that here. March: Nigeria’s Copyright Bill, 2022 was signed into law.

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