JD Supra Law

APRIL 19, 2022

Overview Non-Fungible Tokens (NFTs) continue to generate significant commercial value for brands through the licensing or transfer of intellectual property and commercial rights. This is part 4 of our IP Update series exploring the evolving landscape for Internet, Digital Media and e-Commerce. By: Smart & Biggar

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Non-Fungible Tokens Brands Branding Branding 112

Biswajit Sarkar Copyright Blog

MAY 30, 2022

One of the biggest stories of 2021 in the ever evolving world of distributed ledgers and crypto currencies has been the rise of Non-Fungible Tokens (NFTs). This technological breakthrough has taken the art and tech world by storm. The post Non-Fungible Tokens (NFT) and Copyright appeared first on Biswajit Sarkar Blog.

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Non-Fungible Tokens Copyright Ownership Social Media 52

IPilogue

JUNE 13, 2022

Still, the straightforward process for creating non-fungible tokens (NFT) has accelerated the theft of digital art. However, since art is a cultural tool and an economic driver, those who create work should be protected by all invested stakeholders.

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Non-Fungible Tokens Art Due Diligence Social Media 124

JD Supra Law

NOVEMBER 9, 2021

What do fast food, art, and sports have in common? In recent years, companies in each of these industries have embraced a technology known as non-fungible tokens, or NFTs. By: Vinson & Elkins LLP

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Non-Fungible Tokens Business Art Technology 118

JD Supra Law

DECEMBER 10, 2021

NFT's have reignited and expanded the market for digital art. When Hollywood director Quentin Tarantino tried to create an NFT project using intellectual property owned by the studio, the reaction from the execs was less than enthusiastic. By: Jaburg Wilk

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Non-Fungible Tokens Intellectual Property Art Marketing 98

JD Supra Law

FEBRUARY 20, 2024

Enter the metaverse: an online virtual world where users can interact with each other and digital objects including Non-Fungible Tokens (NFTs). NFTs are unique digital assets depicting works of art, photographs, text, and/or other digital content, minted using blockchain to identify an interest in a certain asset.

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Non-Fungible Tokens Brands Branding Branding 115

IPilogue

SEPTEMBER 16, 2022

On July 18 th , 2022, the world’s second-largest art auction house, Christie’s, announced the establishment of Christie’s Ventures , an investment fund that will support emerging tech companies whose products could have an impact on the art market. The auction house was one of the first art institutions to arrange NFT sales.

Art 105

Art Non-Fungible Tokens Technology Journalism 105

IP and Legal Filings

SEPTEMBER 30, 2022

Concerns have been expressed regarding the legal status and the authenticity of such tokens, especially in India. Although, as mentioned above, NFTs are a shot to ascertain “ownership” of a virtual asset, owning an NFT does not necessarily entail ownership of the work of art represented by the NFT. Image source:Gettyimage].

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Non-Fungible Tokens Ownership Contracts Copyright 52

JD Supra Law

FEBRUARY 16, 2022

Hermes recently sued a digital artist for knocking off its Birkin handbag through the issuance of MetaBirkin non-fungible tokens (“NFT”). For those not aware of the filing or related media attention, the artist created fuzzy images of the Hermes Birkin handbag and minted them as NFTs. By: International Lawyers Network

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Non-Fungible Tokens Art 98

IP Watchdog

JUNE 30, 2022

There are not many trademark cases that are of equal interest to high fashion, the art world and cutting-edge tech. The ongoing “MetaBirkin” lawsuit is unusual, however, in that it involves a designer brand and two of the latest, trending topics – non-fungible tokens (NFTs) and the metaverse.

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Non-Fungible Tokens Trademark Litigation Designs 98

IP Law 360

JANUARY 24, 2022

An art collector who purchased a painting by Indian artist M.F. Husain has told a New York federal court he's been threatened with copyright infringement claims from the artist's estate over plans to sell non-fungible tokens based on the vivid 60-foot mural.

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Non-Fungible Tokens Art Copyright Infringement Copyright 75

JD Supra Law

APRIL 13, 2022

And, in early 2021, the artist Beeple shattered records when the digital art piece Everydays - The First 500 Days sold, as a non-fungible token (NFT), at Christie’s for a whopping $69 million in Ethereum cryptocurrency. In 2020, the cryptocurrency market was valued at $1.49 By: Venable LLP

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Non-Fungible Tokens IP Art Marketing 102

JD Supra Law

APRIL 12, 2022

Last month, our post about art NFTs and the DMCA highlighted the distinction between non-fungible tokens and the copyrighted works they represent.

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Non-Fungible Tokens Marketing Marketing Copying 102

JD Supra Law

JUNE 29, 2022

From ownership to expression to revenue, it’s no secret that non-fungible tokens (NFTs) have made a significant impact on the art world in the last 18 months.

Non-Fungible Tokens 98

Non-Fungible Tokens Art Ownership Reporting 98

JD Supra Law

FEBRUARY 13, 2023

In a case with clear implications for non-fungible token art-based projects, a federal jury in the case of Hermès International, et al. Mason Rothschild, 1:22-cv-00384 (SDNY), found in favor of fashion brand Hermès in its lawsuit concerning digital artwork consisting of images of Hermès’ Birkin handbag.

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Non-Fungible Tokens Artwork Trademark Art 97

LexBlog IP

JULY 6, 2021

The recent US$69 million sale of an “NFT” by digital artist Beeple in March 2021 generated considerable attention, both within and outside the realm of art. NFTs are digitally unique “non-fungible tokens,” based on block chain technology, that are used to manage the IP rights of artists in underlying works.

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Non-Fungible Tokens Art Technology IP 40

Traverse Legal Blog

OCTOBER 20, 2022

Non fungible tokens (NFTs) , the latest vehicle for capturing, linking to and licensing intellectual property. NFTs are being used in all forms of entertainment, gaming, art and science. Connect with us on LinkedIn- [link] The post Fair Use Clauses & Non Fungible Tokens first appeared on Traverse Legal.

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Non-Fungible Tokens Fair Use Intellectual Property Copyright Infringement 40

JD Supra Law

AUGUST 24, 2022

With the proliferation of non-fungible tokens (“NFTs”), particularly in the art space, an interesting and potentially groundbreaking practice has developed where certain intellectual property (“IP”) pertaining to the NFTs is licensed to the NFT buyers and their subsequent transferees.

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Non-Fungible Tokens Licensing IP Intellectual Property 98

JD Supra Law

DECEMBER 19, 2022

The metaverse and non-fungible tokens (NFTs) may come with a perception of being used solely for entertainment and frivolity, but the technologies are more than videogames and multi-million-dollar art pieces.

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Non-Fungible Tokens Art Technology 98

IP Law 360

FEBRUARY 6, 2023

A Manhattan federal jury deliberated infringement claims Monday against a California designer who argues his "MetaBirkin" non-fungible tokens are artistic expression shielded from trademark liability by the First Amendment despite obvious similarities to Hermes International's Birkin handbags.

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Non-Fungible Tokens Art Designs Design 75

IP Law 360

FEBRUARY 7, 2023

A Manhattan federal judge instructed a jury mulling trademark claims against "MetaBirkin" maker Mason Rothschild to keep deliberating after jurors hinted Tuesday they see both infringement and artistic expression in the California designer's non-fungible tokens that resemble Hermes International's Birkin handbags.

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Non-Fungible Tokens Art Designs Design 75

Intepat

SEPTEMBER 15, 2023

Introduction In the ever-evolving intersection of technology and creativity, a groundbreaking revolution is underway – AI-generated art. This blog post embarks on a comprehensive journey to unravel the complex issue of copyright ownership in AI-generated art.

Art 105

Art Copyright Ownership Non-Fungible Tokens 105

IP Law 360

JANUARY 5, 2023

As the non-fungible token market evolves rapidly, attorneys should be familiar with three types of legal instruments used to convey rights in NFT transactions, including agreements between the artist of the underlying artwork and the NFT creator, says Hannah Ji-Otto at Baker Donelson.

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Non-Fungible Tokens Artwork Art Marketing 74

The IPKat

AUGUST 29, 2022

Few issues in the world of intangible rights contain as many legal uncertainties as do non-fungible tokens. Non-Fungible Tokens (NFTs), ranging from art and literature to fashion and cinema, remain among the hottest legal topics in the world of intangible rights, despite the lack of clear legal regulation.

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Non-Fungible Tokens Intellectual Property Cinema Social Media 143

IP Law 360

FEBRUARY 5, 2024

Hermès urged the Second Circuit on Friday to ignore arguments on appeal by the non-fungible token creator found liable for ripping off the luxury goods company's Birkin bag that the jury's ruling on intent improperly ignored free-speech art rights.

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Non-Fungible Tokens Art 75

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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Non-Fungible Tokens Business Copying Art 74

Plagiarism Today

AUGUST 2, 2022

NFTs (Non-Fungible Tokens), for example, were originally billed as a way for digital artists to create scarcity and enable them to charge more for “unique” works. To be clear, this isn’t the first time blockchain and crypto promised that they would make artists’ lives easier or open up new opportunities, only to fail completely.

Copyright 279

Copyright Non-Fungible Tokens Technology Plagiarism 279

IP Law 360

JANUARY 30, 2023

An expert on Andy Warhol's art will not be permitted to testify at trial on behalf of a Los Angeles designer whose "Metabirkins" non-fungible tokens are alleged by luxury brand Hermes International to infringe trademarks protecting its pricey Birkin handbags, Manhattan U.S. District Judge Jed S. Rakoff held Monday.

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Non-Fungible Tokens Art Brands Branding 75

IP Law 360

MARCH 4, 2022

This past week in London has seen an art collector sue a marketplace for non-fungible tokens, a British rap trio do battle with their manager, and two DIY stores throw the kitchen sink at each other over designs. Here, Law360 looks at those and other new claims in the U.K.

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Non-Fungible Tokens Litigation Art Designs 75

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.

Due Diligence 113

Due Diligence Licensing Non-Fungible Tokens Copyright 113

Plagiarism Today

SEPTEMBER 28, 2021

On September 23, the art site PokerPaint announced on their Twitter (Tweet now deleted) that they were releasing a series of Non-Fungible Tokens (NFTs) on OpenSea. From PokerPaint Websote. The site, at that time, was fairly well known in the poker community.

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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. To read more about the absence of proper Regulation of NFT Platforms and the associated outcomes, please see Blurred Lines: How the Lack of Regulation of NFT Platforms Has Fueled Rampant Art Theft.

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Non-Fungible Tokens Contracts Advertising Advertising 117

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

IPilogue

MARCH 14, 2022

and requiring someone to repeat their answer after you zoned out, here is the definition: Non-fungible token (“ NFT ”): a digital asset that represents real-world objects like art, music, in-game items, and videos. For those of you like me who have survived this long asking the question “what is an NFT?”

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Non-Fungible Tokens Ownership Intellectual Property Intellectual Property Law 122

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.

Copyright 52

Copyright Non-Fungible Tokens Ownership Intellectual Property 52

JD Supra Law

NOVEMBER 19, 2021

Hollywood film studio Miramax recently filed a lawsuit against director Quentin Tarantino and others over his plans to auction off non-fungible tokens (NFTs) based on the 1994 film, Pulp Fiction. By: Ingram Yuzek Gainen Carroll & Bertolotti, LLP

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Non-Fungible Tokens Art 62

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. These ‘conterfeit’ or ‘pirate’ NFTs use digital versions of art, photos, music, logos, without the permission of rightsholders.

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Music Non-Fungible Tokens Cease and Desist Copyright 145