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

Kluwer Copyright Blog

Nevertheless , tokens may be used in a digital rights management scheme, as the aforementioned default position is subject to contract modification, as explained below. Copyright that is transferred upon selling an NFT may explicitly be outlined in the self-executing smart contract governing the sale. Valid Transfer of Rights?

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Digital collections from GLAM institutions: Policy Paper

Kluwer Copyright Blog

Context Copyright can be challenging for cultural institutions (or “GLAM“ for Galleries, Libraries, Archives and Museums) when pursuing digitization and dissemination activities, as copyright governs whether a given work can be used and if so, how (as shown in recent studies for museums , archives or libraries ). Proposal 4.

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Role Of Intellectual Property Rights In The Era Of Quantum Technology

IIPRD

Recent advances in the technical field of quantum technologies have not only experienced high amount of attention in information science and software engineering disciplines but also gained a wide interest of government due to its complexity and global significance. billion by 2027. billion by 2027. Image Source: IStock].

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Brands to the Metaverse and Beyond! Part 1…

The IPKat

in Class 35 and “ [d]ownloadable virtual goods created with blockchain-based software technology and smart contracts, in the nature of footwear, clothing, bags, accessories and charms for decorating footwear, clothing, bags and accessories ” in Class 9 (see here ). Pictures in the lower middle are in the public domain.

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A Brief Thematic Review of Non-Fungible Tokens and their Copyright

IP and Legal Filings

NFTs are governed by smart contracts, which divide ownership and limit transferability. Blockchain technology allows smart contracts to operate, ensuring the integrity of all sent and received data. [iv] [iii] NFTs are limited to having a single owner.

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Analysing the Intersection of Blockchain, Cryptocurrencies and Intellectual Property Rights

IP and Legal Filings

NFTs may be represented in the form of memes, artworks, or videos. Smart contracts are contracts that are used to regulate NFT transactions. The copyrights that subsist on an NFT are also governed with the help of a smart contract. The sole technology behind cryptocurrencies is called blockchain technology.

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NFTs and its Relationship with IP Rights

IP and Legal Filings

Many aspiring artists have now started converting their physical and digital artworks into NFTs and putting it up for sale, with many making considerable profits. NFTs have sparked several discussions raising questions on how this would affect IP Rights and what ownership of artwork, especially digital copies of artwork entails.

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