IP Law 360

MARCH 20, 2023

A New York federal judge dismissed a Canadian entity's lawsuit claiming to own Quantum, a digital artwork certified by a non-fungible token that Sotheby's sold for $1.47 million, saying on Friday it appeared the litigation is an "attempt to exploit open questions of ownership in the still-developing NFT field."

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Non-Fungible Tokens Ownership Artwork Litigation 75

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.

Non-Fungible Tokens 74

Non-Fungible Tokens Artwork Art Marketing 74

The IPKat

SEPTEMBER 5, 2022

The NFT art market, that is NFTs which specifically link an artwork or a digital file (a song, for example), have already gone mainstream and, of course, artists and projects owners have asked lawyers to prepare IP licenses to protect their IP. Let alone was it clear how to protect the IP rights in the artwork linked to it.

Licensing 95

Licensing Non-Fungible Tokens Artwork Contracts 95

IPilogue

MARCH 16, 2022

Non-fungible tokens (“NFTs”) are one-of-a-kind tokens stored on blockchain that can be sold and traded. HitPiece.com was generating controversy prior to the demand letter, with several users calling it a scam NFT site. As NFTs have gained popularity, scam sites are becoming more common.

Music 130

Music Non-Fungible Tokens Social Media IP 130

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. Digital assets can be protected by IP and have always been capable of being licensed or assigned via a contract, or protected as a trade mark.

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Non-Fungible Tokens Advertising Advertising Ownership 140

IP Whiteboard

JUNE 7, 2021

And what role does intellectual property ( IP ) play in their creation and sale? 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.

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Non-Fungible Tokens IP Cease and Desist Ownership 40

Traverse Legal Blog

MARCH 8, 2022

Today, we’re going to talk about non-fungible tokens (NFTs). 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. My name is NFT lawyer Enrico Schaefer.

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Non-Fungible Tokens Artwork Licensing Branding 131

Intepat

DECEMBER 5, 2024

Another layer of complexity arises from the unique characteristics of non-fungible tokens (NFTs), which have become the metaverses digital asset backbone. Written by Vriti Singhvee, Intern @ intepat IP The post COPYRIGHT IN METAVERSE appeared first on Intepat IP.

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Copyright Non-Fungible Tokens Ownership Intellectual Property 52

LexBlog IP

APRIL 1, 2022

As many know by now, non-fungible tokens (“NFTs”) are unique units of data stored on a blockchain that have become an increasingly popular way to buy and sell artwork (as well as all kinds of other things).

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Non-Fungible Tokens Law Contracts Artwork 52

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. NFTs may be represented in the form of memes, artworks, or videos. Image source:gettyimages].

Intellectual Property 94

Intellectual Property Non-Fungible Tokens Copyfraud Contracts 94

Dear Rich IP Blog

MAY 12, 2022

That's because when an artwork is sold, the buyer only acquires ownership of the physical work, for example, the framed painting. There are exceptions to this rule, for example, if the artwork is a work made for hire , or if the artist assigns copyright to the buyer, but otherwise, the artist controls the duplication.

Artwork 52

Artwork Non-Fungible Tokens Art Copying 52

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. We address these questions in a two-part post.

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Non-Fungible Tokens IP Ownership Contracts 98

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 Law 360

FEBRUARY 26, 2024

The creator of the MetaBirkins non-fungible token collection has told the Second Circuit that his use of the iconic Hermès bag's name and likeness was relevant to his artwork but said the New York court misapplied the test of whether it was protected speech when it found that the digital assets infringed on the fashion house's trademarks.

Artwork 40

Artwork Non-Fungible Tokens Trademark 40

The IPKat

JUNE 27, 2022

The IPKat is pleased to host the guest contribution below by Katfriend Paolo Maria Gangi (Studio Gangi) on a very recent development concerning NFTs and IP. NFTs – still subject to “old” IP law An NFT is a non-fungible (i.e. A digital file (an artwork, a song, etc.), remain fully applicable to NFTs.

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Non-Fungible Tokens Contracts Copying Art 135

JD Supra Law

FEBRUARY 10, 2022

A non-fungible token (NFT) is a unique piece of data that is stored on a blockchain. In many cases, NFTs are large files and, thus, a link to the actual photo, video, or audio file is what is stored on the blockchain rather than the actual piece of artwork. By: Harness IP What is an NFT?

Non-Fungible Tokens 52

Non-Fungible Tokens Copyright Law Artwork Law 52

Traverse Legal Blog

OCTOBER 20, 2022

Whether you are looking to make your own non fungible token to sell or you’re looking to buy an NFT as an investment, you need to be aware of copyright and trademark laws that might apply to your NFT. Are NFTs (Non Fungible Tokens) Considered Intellectual Property? What is a Non Fungible Token?

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Non-Fungible Tokens Copyright Law Trademark Copyright 49

Erik K Pelton

DECEMBER 20, 2022

IP Cases Abound at the Supreme Court. One example was the November release of the Her Loss album by artists Drake and 21 Savage which included a fake Vogue magazine cover as part of the album artwork, as well as a fake version of Vogue magazine. Metaverse and NFT Filings Decrease.

Trademark 130

Trademark Non-Fungible Tokens All Rights Reserved False Advertising 130

Traverse Legal Blog

AUGUST 15, 2022

An NFT or “non-fungible token” is a digital asset that links ownership to unique digital items. Non-fungible tokens have been designed to give you ownership of something that cannot be replicated or copied. Any individual can buy an artwork print, but only one person owns the original piece.

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Non-Fungible Tokens Ownership Intellectual Property Artwork 52

LexBlog IP

JANUARY 20, 2022

NFT’s (Non-fungible tokens) are all the rage lately and this area of law is just beginning to develop. NFT’s are often represented by digital artwork, photos, audio and even video. To continue reading, click: NFT Trademark Lawsuit Over Fashion Bags Heads To Federal Court.

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Non-Fungible Tokens Trademark Artwork Designs 52

Intepat

SEPTEMBER 15, 2023

AI-generated art represents a fusion of human ingenuity in crafting algorithms and the machine’s ability to produce artworks autonomously. While the case did not definitively resolve the issue of whether non-human animals can own copyright, it prompted discussions about the intersection of copyright law, animal rights, and technology.

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Art Copyright Ownership Non-Fungible Tokens 105

The IPKat

JUNE 27, 2021

With regard to the second part of the reference, the CJEU answered that also those persons, who are holding certain IP rights, but are not themselves using those rights, may, in principle, benefit from the measures, procedures and remedies, provided under the Enforcement Directive.

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Non-Fungible Tokens Artwork Copyright Law Intellectual Property 52

IPilogue

JULY 8, 2022

While the law of ARR is no longer a novel idea in the legal world, the importance of protections for an artist’s fair share of profits is ever-increasing as Non-Fungible Tokens (NFTs) become mainstream. Issues regarding compliance with proper payment and the lack of global ARR standardization can complicate many logistics.

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Non-Fungible Tokens Art Artwork Copying 72

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. 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. How are IP Rights and NFTs related?

IP 52

IP Non-Fungible Tokens Ownership Artwork 52

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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Non-Fungible Tokens Artwork Privacy Ownership 52

IP and Legal Filings

OCTOBER 28, 2022

Non-fungible tokens (“NFTs”) continue to be popular. Copyright: NFTs are closely related to artworks that are the subject to copyright and related rights protection. Author: Tanya Saraswat, in case of any queries please contact/write back to us at support@ipandlegalfilings.com or IP & Legal Filing.

Non-Fungible Tokens 98

Non-Fungible Tokens Intellectual Property Registering Trademarks Trademark Law 98

Intepat

DECEMBER 12, 2024

This valuation allows IP to be recognized as an asset in corporate balance sheets, facilitates mergers and acquisitions, and informs licensing or transfer decisions. Traditionally, IP valuation has relied on methods like market-based, income-based, and cost-based approaches. Additionally, U.S.

IP 52

IP Social Media Ownership Non-Fungible Tokens 52

IP and Legal Filings

FEBRUARY 7, 2023

Virtual characters can play themed games, create original artwork, visit exhibition locations, shop for virtual clothing for their collections or gaming outfits, and partake in social events after arriving in “Gucci Town.” The “Gucci” mark and its emblem can be seen all around this virtual metropolis.

Trademark 98

Trademark Non-Fungible Tokens Branding Brands 98

IP Tech Blog

MARCH 18, 2022

Intellectual property owners need to add the metaverse to places to watch for possible infringement, specifically, trademark or copyright infringement in the form of NFTs or non-fungible tokens. NFTs are unique tokens based on blockchain technology and used as digital assets.

Trademark 62

Trademark Non-Fungible Tokens Branding Brands 62

LexBlog IP

SEPTEMBER 15, 2022

Transfers of rights: How does the transfer of an NFT impact IP rights in the associated asset? Licensing of rights: How should IP rights in the associated asset be licensed in an NFT context? Infringement of rights: What is the appropriate infringement analysis where an NFT is associated with an asset covered by third-party IP?

IP 52

IP Non-Fungible Tokens Artwork Intellectual Property 52

IP and Legal Filings

MAY 24, 2024

Secondly, it refused to recognize those non fungible tokens as an ‘Art’ and held them disentitled for any protection under the ‘First Amendment’. Author :- Sakshi Jaiswal , in case of any queries please contact/write back to us at support@ipandlegalfilings.com or IP & Legal Filing. 09, 2022) [link] Jeremy S.

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Non-Fungible Tokens Art Trademark Branding 104

IIPRD

FEBRUARY 25, 2022

But in this sphere of metaverse and blockchain currencies, the Ethereum blockchain has gained skyrocketing popularity with the evolution of Non-Fungible Tokens. Moreover, a mere collage of an artwork “Everydays – The First 5000 Days” made by him was sold for $69.3mnin an auction. IP Implications under NFTs.

Non-Fungible Tokens 40

Non-Fungible Tokens IP Ownership Intellectual Property 40

IP and Legal Filings

AUGUST 13, 2022

NFT stands for Non-Fungible Tokens. Crypto is fungible i.e., they can be traded; one for another however, NFTs are unique, and one can’t be equal to another. This whole process of commercially buying unique digital art in the form of non-fungible tokens is based on a public ledger called the Ethereum blockchain.

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Non-Fungible Tokens Intellectual Property Government Art 52

LexBlog IP

MARCH 18, 2022

Intellectual property owners need to add the metaverse to places to watch for possible infringement, specifically, trademark or copyright infringement in the form of NFTs or non-fungible tokens. NFTs are unique tokens based on blockchain technology and used as digital assets.

Trademark 52

Trademark Non-Fungible Tokens Intellectual Property Branding 52

LexBlog IP

JULY 13, 2021

What is the difference between “fungible” and “non-fungible”? Like a Bitcoin or Dogecoin, a Non-Fungible Token (NFT) is a digital asset that has been certified as authentic on a Blockchain ledger. Because NFTs are often digital artworks, it helps to think in terms of art.

Intellectual Property 59

Intellectual Property Non-Fungible Tokens Art Ownership 59

IIPRD

JUNE 9, 2024

Basics of IP in Metaverse In simple words, Intellectual Property Rights refer to legal rights that protect the intangible property of a person that arises from a person’s intellect. IP enforcement in the metaverse is complicated, as demonstrated by recent case rulings. Mason Rothschild.

Intellectual Property 59

Intellectual Property Non-Fungible Tokens Trademark Designs 59

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