IP Law 360

JUNE 27, 2022

A self-styled conceptual artist is copying and reselling images that are part of the Bored Ape Yacht Club non-fungible token collection, the company behind the trendy digital art series told a California federal court.

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IPilogue

DECEMBER 8, 2022

The Singapore High Court ruled on 21 October 2022 that non-fungible tokens (NFTs) can now be considered property, Coindesk reports. NFTs are blockchain-based assets with a distinct identification number and metadata which can represent real-world objects and cannot be copied or replaced.

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The IPKat

JUNE 27, 2022

The only thing that an NFT can certify is that a specific non-fungible token, containing a specific digital file linked to it, has been created with a unique transaction (having its own timestamp) by an identified blockchain address (i.e. Yuga Labs, therefore, still owns the copyright in each NFT. Ether (USD 1+ million).

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Non-Fungible Tokens Contracts Copying Art 135

Traverse Legal Blog

APRIL 17, 2021

With that in mind, we now have something called non-fungible tokens or NFTs. What are the terms by which you are selling the NFT and licensing your work, the art you put into the platform that’s going to be attached to the NFT? The nonfungible token. They are selling the token, and you are buying the token.

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Due Diligence Licensing Non-Fungible Tokens Copyright 113

Intepat

DECEMBER 5, 2024

Copyright and Ownership in the Metaverse In the metaverse, copyright applies to digital creations such as virtual art, music, designs, and even entire virtual worlds. Another layer of complexity arises from the unique characteristics of non-fungible tokens (NFTs), which have become the metaverses digital asset backbone.

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Copyright Non-Fungible Tokens Ownership Intellectual Property 52

TorrentFreak

FEBRUARY 11, 2022

The non-fungible token (NFT) rage shows that people are willing to pay vast amounts of money for a digital gimmick, that may or may not retain its value. There are NFT projects ‘copying’ other NFTs, for example, and in some cases, people simply issue NFTs based on existing copyrighted works owned by others.

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Music Non-Fungible Tokens Cease and Desist Copyright 145

IP Whiteboard

JUNE 7, 2021

NFT stands for non-fungible token. Non-fungible basically means unique. By way of comparison, a $10 note is an example of a fungible asset, because it can be replaced with another $10 note, or two $5 notes. Until now, the sale of digital art has been a difficult proposition. We’re glad you asked.

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Non-Fungible Tokens IP Cease and Desist Ownership 40

The IPKat

APRIL 19, 2023

The IPKat is pleased to host the following guest post by Katfriend Paolo Maria Gangi (Studio Gangi) on a recent case addressing the legal nature of non-fungible tokens (NFTs). The legal nature of an NFT In each NFT there is a non-fungible token created by the smart contract and an image (e.g.,

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Non-Fungible Tokens Artwork Contracts Art 121

IP and Legal Filings

SEPTEMBER 8, 2021

Apart from this, Non-Fungible Tokens, 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. Non-Fungible Tokens (NFTs) have garnered attention and popularity in 2021.

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Intellectual Property Non-Fungible Tokens Copyfraud Contracts 94

Kluwer Copyright Blog

JULY 20, 2022

The last couple of years has seen the emergence of Non-Fungible Tokens (NFTs) as an important medium for the creation, sale and collection of art, with numerous instances of big money purchases of NFTs. The reproduction right includes the right to prevent the copying of the underlying work in any manner.

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Copyright Copying Non-Fungible Tokens Copyright Law 135

Copyright Lately

NOVEMBER 21, 2021

Depending upon which side of the fence you’re sitting on, non-fungible tokens (NFTs) are either the greatest economic innovation of the twenty-first century or the biggest grift since Lyle Lanley sold Springfield a monorail. A used copy will set you back $1.09; for reasons unknown, a new copy is going for $113.03—In

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Copying Non-Fungible Tokens Contracts Copyright 128

The IPKat

JUNE 13, 2022

There has obviously been a considerable amount of excitement around non-fungible tokens (NFTs) over the last few years and some interesting developments in the last few months. Recently, I spoke in the PRS London Members' Day panel about NFTs, alongside Cliff Fluet (Lewis Silkin) and Mike Walsh (Serenade).

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Non-Fungible Tokens Advertising Advertising Ownership 140

IPilogue

JULY 8, 2022

Imagine you are a new artist, who sells your art for $500 dollars, which is enough to cover the cost of supplies and your time spent on the piece. This is because NFTs are a “one-time copy” of original art, and thus resale of the NFT does not activate ARR entitlements, which only apply to the original work.

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Non-Fungible Tokens Art Artwork Copying 72

Traverse Legal Blog

JANUARY 26, 2022

Today, we will be talking about NFT non-fungible token licensing. An NFT group called TheSpiceDAO bought a copy of the book “Dune” believing they had purchased more than just the book. This limited edition Dune book may be one of 10 copies of this hardback auctioned. The NFT bought the Dune book for 2.6

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Non-Fungible Tokens Licensing Ownership Copying 97

Dear Rich IP Blog

MAY 12, 2022

Dear Rich: As the representative of a particular (living) artist, I was recently contacted by the organizer of an exhibition in which original art pieces owned by various collectors will be on display -- including my client's art. The copyright (the right to display and make copies) is typically retained by the artist.

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Artwork Non-Fungible Tokens Art Copying 52

Kluwer Copyright Blog

APRIL 22, 2024

The rise in popularity of non-fungible tokens (NFTs) has attracted a great deal of attention from copyright practitioners and aficionados. Basically, because an NFT is an encoded digital metadata file of a copy of a work that can be copyright protected. And why is that?

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Copyright Artwork Moral Rights Non-Fungible Tokens 125

Kluwer Copyright Blog

JUNE 19, 2023

Image by Tumisu via Pixabay Non-fungible tokens (NFTs) are altering society’s notion of digital ‘ownership’ and redefining the common perspective on distribution of original works to consumers by introducing scarcity to the digital realm.

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Non-Fungible Tokens IP Ownership Contracts 98

Traverse Legal Blog

JANUARY 29, 2022

Today we are going to talk about NFTs or non-fungible tokens. If you’re selling a digital rendition of a piece of artwork, you will mint an NFT, which will then attach to that particular piece of digital art. You’re getting a license to use, copy and display this item. Ownership of NFTs.

Licensing 102

Licensing Non-Fungible Tokens Copyright Copying 102

IP and Legal Filings

OCTOBER 28, 2022

Non-fungible tokens (“NFTs”) continue to be popular. A digital asset that is held on a blockchain, such as music, art, in-game items, or films, is referred to as an NFT. Introduction. NFT creation, investment, sale, and ownership interest exists in Indonesia and elsewhere in the world. data retention.

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Non-Fungible Tokens Intellectual Property Registering Trademarks Trademark Law 98

IP and Legal Filings

OCTOBER 18, 2022

NFTs, which stand for “ Non-Fungible Tokens ,” must first be understood in order to comprehend what “fungible” means. A commodity is said to be fungible in economics if it can be exchanged for another unit of the same commodity without losing any value. Conclusion.

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The IPKat

MARCH 2, 2023

It is also worth considering that, while Warhol artworks depicting Campbell’s Soup or Coca Cola were – like every kind of physical art – unique pieces of art, the Metabirkin collection was composed of 100 NFTs. Mason Rothschild could have also easily created many more NFTs (i.e., Coming back to the Hermès v.

Artwork 95

Artwork Non-Fungible Tokens Artistic Work Branding 95

IP Tech Blog

JANUARY 4, 2023

The emergence of blockchain-supported Non-Fungible Tokens (NFTs) has captured the interest of the entertainment and business worlds in the past couple of years. It starts with the Chinese translation of Non-Fungible Tokens. The Specific Chinese Name for NFTs. Applicable IP rights.

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IP Ownership Non-Fungible Tokens Copyright Law 109

Traverse Legal Blog

OCTOBER 6, 2022

An NFT or “non-fungible token” is a digital asset that links ownership to unique digital items (songs, pictures, videos, tweets and items in online games or virtual worlds) that cannot be replicated or copied. Almost anything can be turned into a non-fungible token. NFTS in the Metaverse.

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Non-Fungible Tokens Ownership Art Artwork 40

LexBlog IP

JULY 13, 2021

Who has not heard of the $69 million price tag on Everydays – the First 5000 Days and other outlandish prices for digital art. This article will try to explain just what an NFT is and, because of their relationship to the creative arts, some of the intellectual property issues surrounding them. The Mona Lisa is non-fungible.

Intellectual Property 59

Intellectual Property Non-Fungible Tokens Art Ownership 59

Fish & Richardson Trademark & Copyright Thoughts

JUNE 16, 2022

Principal Cynthia Walden and Associate Sarah Kelleher discuss the non-fungible token (NFT) trend across the fashion industry and what this digital arena means for trademark protection and enforcement. PDF copy available. As technology and art advance, markets are never far behind.

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Non-Fungible Tokens Intellectual Property Trademark Branding 40

JIPEL Copyright Blog

NOVEMBER 30, 2021

Non-fungible tokens, or “NFTs,” gained worldwide notoriety in the art world last year following the sale of Beeple’s EVERYDAYS: The First 5000 Days for a staggering $69 million at Christie’s. Increasingly, NFTs are being seen as a viable investment for art enthusiasts. Helmsley-Spear, Inc. , 3d 77, 84 (2d Cir.

Moral Rights 40

Moral Rights Non-Fungible Tokens Art Copying 40

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. million) knew that the NFT may or may not reference any art at all.

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Ownership Art Artwork Non-Fungible Tokens 52

JIPEL Copyright Blog

MARCH 29, 2022

NFT stands for Non-Fungible Token and an NFT is a unique digital asset. The non-fungible nature of the asset means that it is non-interchangeable and the metadata attributed to each NFT is distinctive such that it may be used to verify the inimitability of a given asset. What are NFTs?

IP 40

IP Non-Fungible Tokens Ownership Copyright Infringement 40

JIPEL Copyright Blog

MARCH 22, 2022

Non-fungible tokens, known colloquially as NFTs, have gained popularity due to both their scarcity and variety. NFTs can link to underlying assets that range from physical works of art to social media posts to memes. When it comes to music, the emotions involved in the underlying art are likely even greater.

Music 40

Music Non-Fungible Tokens Intellectual Property Social Media 40

IIPRD

OCTOBER 17, 2022

As recently in 2022 Hermès, a fashion house sued Manson an NFT (non-fungible token) creator for trademark infringement who marketed a digital asset called “Metabirkins”, which was a digital copy of a bag created by Hermès, which sold at many high prices. This can a lesson for the companies interested in the metaverse.

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IP Non-Fungible Tokens Intellectual Property Trademark 52

Traverse Legal Blog

JUNE 26, 2022

He states that the video was the result of hundreds of hours of research, investigative journalism, and insight from experts in the field of art and internet culture. Ryder Ripps copied the Bored Ape images and minted the images as NFTs on OpenSea.io. Ryder Ripps clearly put in the work here.

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IP Copyright Infringement Trademark Non-Fungible Tokens 59

LexBlog IP

JANUARY 4, 2023

The emergence of blockchain-supported Non-Fungible Tokens (NFTs) has captured the interest of the entertainment and business worlds in the past couple of years. It starts with the Chinese translation of Non-Fungible Tokens. The Specific Chinese Name for NFTs. Applicable IP rights.

IP 52

IP Ownership Non-Fungible Tokens Copyright Law 52

LexBlog IP

SEPTEMBER 15, 2022

Rogers held that use of a trademark in connection with a work of art does not constitute infringement if the mark is “minimally artistically relevant” to the product and use of the mark does not “explicitly mislead” regarding content, authorship, sponsorship, or endorsement. Grimaldi , 875 F.2d 2d 994 (2d Cir.

IP 52

IP Non-Fungible Tokens Artwork Intellectual Property 52

IIPRD

JANUARY 18, 2022

Recently, a new trend of merging of blockchain technology with creative intellectual property via non-fungible tokens (“NFTs”) had taken place. The idea has spread across all market sectors, and now luxury fashion retailers have joined the tokenization bandwagon. Introduction. What are NFTs?

Non-Fungible Tokens 40

Non-Fungible Tokens Intellectual Property Ownership Branding 40

IP and Legal Filings

NOVEMBER 18, 2021

Non-Fungible Tokens or NFTs is the latest trend that has taken the world of art and technology by storm. NFTs revolutionised the concept of ownership and digital art. An NFT is a digital collectable or asset in the form of a token. Introduction.

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IP Non-Fungible Tokens Ownership Artwork 52

Intepat

OCTOBER 28, 2024

Among these virtual assets are NFTs (Non-Fungible Tokens), which can be described as real-world items transformed into digital tokens that can be traded in virtual marketplaces. NFTs are unique digital tokens that represent ownership of specific digital assets. Income generated through NFTs is taxed at 30%.

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Non-Fungible Tokens Copyright Contracts Ownership 52

The IPKat

MARCH 7, 2025

HERMES SELLIER (claimants) by producing and offering for sale its Paisley Jane model, as well as a non-fungible token (NFT) representing that same bag [Judgment available here , in French]. BLAO & CO (defendant) had infringed the copyright and trade mark of Socit HERMES INTERNATIONAL and S.A.S.

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