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NFT Copyright License Rights: Due Diligence is Critical.

Traverse Legal Blog

There are open auctions, limited auctions, various flavors of ownership for the NFT, and sales of both digital and non-digital assets. Was that ownership transferred, and if so, to whom? What kind of private key do you have attached to that ownership? What kind of private key do you have attached to that ownership?

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

Traverse Legal Blog

Due diligence is critical. Copyrights protection for the artwork itself is also critical. Any NFT project offering Apes are derivative of the artwork for the Bored Ape yacht CLub are potentially infringing the BAYC’s copyrights. What Rights Are Licensed To Purchasers Buying NFTS?

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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.

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Copyrighting the Ogopogo Monster: The © story behind the news story

The IPKat

There were 18 registered copyrighted works related to the Ogopogo, including books, posters, artwork, videos (in some cases, supposedly of the creature itself) and dramatic works. The City of Vernon’s heretofore long-forgotten and dormant copyright ownership was suddenly—and uncomfortably for Council--put into the spotlight.

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How to Avoid Pitfalls on the Way to Decentralized Disney

Copyright Lately

The same rule applies to digital artworks sold as NFTs. It would have taken a bit of due diligence, but not much. Here’s the first clause, section (i), dealing with ownership of the Bored Ape NFTs: “i. What you can’t do is make your own “Dune” movie. Definitely. You Own the NFT.

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

LexBlog IP

AML/CFT regime related to beneficial ownership, real estate, and investment advisers and nonfinancial gatekeepers before turning its attention to the high-value art market.” ” [5] The Report only discussed money laundering, ignoring other known risk areas in the art market, such as the sale of forged or stolen artworks. [6].

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Titleless Tales of the Headless

LexBlog IP

However, two months later, the museum filed a complaint against NYDA to block the seizure order by contesting its rightful ownership of the statue. Ownership Interest In the case of Republic of Croatia v. The court underscored the need to determine whether the claimants can establish ownership of the Treasure.