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Let’s break down that mouthful: NFTs are a blockchain technology that creates indisputable ownership records that the art world has embraced as a way to buy and sell digital artwork. Traditional artwork is valuable because it’s unique and exclusive, and NFTs attempt to impose this uniqueness onto digital works.
Finally, it points out Viacom is the owner of three valid trademark registrations for the KRUSTY KRAB mark and 400 copyright registrations covering “creative aspects of the SpongeBob SquarePants franchise,” including episodes from the animated television series, movies, drawings, and stylebooks featuring artwork from the franchise.
Fundamentally, an NFT is just a transactional record and a link to a digital asset (often an image of artwork or a document) stored somewhere on the web. Again, NFTs are just an ownership record and a link to content. Some of the confusion surrounding the lawsuit stems from a basic misunderstanding of what NFTs actually represent.
It is essentially a transaction ledger that is open and decentralized, so anyone, with proper access credentials, can view the ledger to the authenticity of whatever is being transferred and the chain of ownership. Because NFTs are often digital artworks, it helps to think in terms of art. The Mona Lisa is non-fungible. IP and NFT.
The same rule applies to digital artworks sold as NFTs. Meanwhile, television rights management company IDDH (International Rights and Divers Holding) , the supposed source of Squemme’s IP interests, liquidated all of the assets it had over twenty years ago and looks to have been defunct since 1999. You Own the NFT.
Howell ruled last Friday that the Register of Copyrights did not act “arbitrarily or capriciously” in denying a copyright registration to Dr. Stephen Thaler for artwork generated entirely by artificial intelligence. By not disclosing, you run the risk of having your entire copyright registration invalidated.
Introduction The media and entertainment industry is a broad and ever-evolving domain that includes several industries, including music, cinema, television, fashion, and more. It gives authors and artists the sole ownership rights to their original writings, music, films, and artwork.
3] An announcement on SuperFarm’s website noted that the sale would occur on the Ethereum blockchain, and that the auction was significant because it would “set a precedent for how artistically created value and its ownership can be proven, transferred, and monetized seamlessly through a public blockchain.” [4]. Miramax LLC v.
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