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NFT Lawyer: Legal Risks with ‘Non-Fungible Tokens’

Traverse Legal Blog

‘NFT’ stands for non-fungible token. NFT lawyer Enrico Schaefer covers the following topics in this informative article about non-fungible tokens. What is a Non-Fungible Token (NFT)? NFTs are tokens. Every bitcoin is the same and fungible and interchangeable.

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NFT Copyright License Rights: Due Diligence is Critical.

Traverse Legal Blog

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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Blurred Lines: How the Lack of Regulation of NFT Platforms Has Fueled Rampant Art Theft

IPilogue

Still, the straightforward process for creating non-fungible tokens (NFT) has accelerated the theft of digital art. Third, consumers should do their due diligence by reaching out to artists to verify the authenticity of the NFT before purchasing.

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“For Sale: This Article”: an overview of non-fungible tokens (NFTs) and IP

IP Whiteboard

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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U.S. Treasury Study Rejects Immediate Need for New Regulation of Art Market

LexBlog IP

On February 4, 2022, the Treasury Department published its Study on the Facilitation of Money Laundering and Terror Finance Through the Trade in Works of Art (the “Report”). [1] Yet the Report also discussed how the art market remains susceptible to money laundering and describes how market participants can minimize this risk.

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Fatal Mistakes Made By The ‘Bored Ape Yacht Club’ & ‘Crypto Punks’ NFT Projects

Traverse Legal Blog

Today, we’re going to talk about non-fungible tokens (NFTs). art, photograph, video, NFT asset). The art inside the gallery is protected by COpyright law. Due diligence is critical. My name is NFT lawyer Enrico Schaefer. I am an attorney specializing in blockchain technology.

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NFTs: promisingly transformational, yet fraught with IP pitfalls – Part I

Kluwer Copyright Blog

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.