Traverse Legal Blog

OCTOBER 20, 2022

Non fungible tokens (NFTs) , the latest vehicle for capturing, linking to and licensing intellectual property. The tokenization of digital files so that a single owner of that file can be recorded on the blockchain and identified is an important breakthrough in IP protection. . Does “Fair Use” Apply to NFTs?

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Non-Fungible Tokens Fair Use Intellectual Property Copyright Infringement 40

Intepat

DECEMBER 5, 2024

Issues of ownership, counterfeit goods, and infringements are rising concerns, threatening the sustainability of creativity in the metaverse. 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.

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Copyright Non-Fungible Tokens Ownership Intellectual Property 52

The IPKat

JULY 11, 2021

Copyright IPLens blog looked at several recent decisions of the Court of Milan, to see how the CJEU Cofemel decision has impacted on the copyright protection of industrial designs [see also an IPKat post the Kiko case, where the Italian Supreme Court applied Cofemel to Kiko store layout]. The current battle is over a U.S.

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Blogging Non-Fungible Tokens IP Ownership 68

IPilogue

JUNE 13, 2022

Still, the straightforward process for creating non-fungible tokens (NFT) has accelerated the theft of digital art. Many NFT marketplaces do not require the person listing the piece to provide proof of ownership or personal information.

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Non-Fungible Tokens Art Due Diligence Social Media 124

Intellectual Property Law Blog

MARCH 13, 2024

The United States Patent and Trademark Office (“USPTO”) and the United States Copyright Office (“USCO”) delivered a report to Congress entitled Non-Fungible Tokens and Intellectual Property on March 12, 2024 (“Report”). While the Report is comprehensive, it does not recommend any new action to address IP issues with NFTs.

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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. The terms of ownership and remuneration vary between platforms. Here is a roundup of the key things to know and keep an eye on.

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Non-Fungible Tokens Advertising Advertising Ownership 140

Traverse Legal Blog

APRIL 17, 2021

With that in mind, we now have something called non-fungible tokens or NFTs. Top marketing places include: OpenSea – Built on ERC-721 and ERC-1551 non-fungible token standards – the largest marketplace for creator-owned digital goods – easy onboarding experience for new users – create your own storefront.

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Due Diligence Licensing Non-Fungible Tokens Copyright 113

Kluwer Copyright Blog

OCTOBER 5, 2022

NFTs (non-fungible tokens) have become a buzzword in recent years. The ownership of an NFT is recorded in the blockchain, and can be transferred by the owner, allowing NFTs to be sold and traded ”. Crucially, the ownership of an NFT does not equate to ownership of an underlying asset.

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Licensing Technology Public Domain Non-Fungible Tokens 114

IPilogue

JUNE 21, 2022

Nike alleges that StockX is selling unauthorized non-fungible tokens (“NFTs”) of Nike sneakers. NFTs are unique digital assets that are digital representations of ownership of real-world items. These issues are novel in their involving the metaverse. The Nike Suit.

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Non-Fungible Tokens Ownership False Advertising Fair Use 116

Traverse Legal Blog

MARCH 8, 2022

Today, we’re going to talk about non-fungible tokens (NFTs). BASIC project’s listing agreement is internally inconsistent on the issue of ownership. IF your employees are helping create the artwork, have them se=ign an IP ownership contract for the artwork concept and all aspects of your NFT project.

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Non-Fungible Tokens Artwork Licensing Branding 131

IPilogue

MARCH 16, 2022

Non-fungible tokens (“NFTs”) are one-of-a-kind tokens stored on blockchain that can be sold and traded. In addition, music NFT marketplaces, such as Royal , enable musical works to be tokenized and monetized, giving fans unique ownership over music.

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Music Non-Fungible Tokens Social Media IP 130

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

Kluwer Copyright Blog

JANUARY 26, 2022

“Web3 cannot and should not be reduced to blockchain when the real shift is towards user ownership of digital assets… This definitional shift focuses attention on what assets can be legally owned and the meaning of ownership “rights,” more generally, in the emerging digital spaces of web3.”. . user ownership of digital assets)?

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Ownership IP Non-Fungible Tokens Technology 122

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.

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Non-Fungible Tokens IP Ownership Contracts 98

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. An NFT shows proof of ownership for a digital object. What are NFTs?

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Non-Fungible Tokens Ownership Intellectual Property Artwork 52

Kashishipr

APRIL 13, 2022

With the Metaverse and Non-Fungible Tokens (NFTs) being the common buzzwords as of late, the USPTO (US Patent & Trademark Office) has been experiencing a significant rise in the number of Trademark Applications filed in the virtual sphere to safeguard the products and services. Market Reach & Presence.

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Intellectual Property IP Non-Fungible Tokens Brands 116

Intepat

SEPTEMBER 15, 2023

This burgeoning genre is not only pushing the boundaries of artistic expression but also challenging the established norms of copyright ownership. 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 Tech Blog

JANUARY 4, 2023

The emergence of blockchain-supported Non-Fungible Tokens (NFTs) has captured the interest of the entertainment and business worlds in the past couple of years. It starts with the Chinese translation of Non-Fungible Tokens. Ownership and Enforcement. Copyright Ownership. The United States.

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IP Ownership Non-Fungible Tokens Copyright Law 109

Traverse Legal Blog

JANUARY 26, 2022

Today, we will be talking about NFT non-fungible token licensing. NFT are ERC-721 tokens. The token goes onto the blockchain, indicating ownership rights and potentially royalty rights for future transfers of the NFT, but not the underlying digital asset. See article below). What Are NFTs?

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Non-Fungible Tokens Licensing Copying Ownership 97

Traverse Legal Blog

AUGUST 15, 2022

The basic explanation is that 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 a person ownership of something, kind of like modern day digital collectibles. NFT Technology. NFTs in Video Games.

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Non-Fungible Tokens Ownership Artwork Technology 40

Olartemoure Blog

SEPTEMBER 27, 2022

The online clothing, the virtual versions of the items, are in the form of what is known as NFTs (non-fungible tokens). For example, Amazon Brand Registry , is a protocol to verify the trademark registration and ownership before they can sell their products on their platform.

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Branding Brands Branding Non-Fungible Tokens 98

Garrigues Blog

OCTOBER 26, 2022

Non-fungible tokens, or NFTs, have come to hold a fundamental place in the digital universe and, specifically, in the so-called Web3. Although at present NFTs are scarcely used beyond mere collectibles, the growing interest in the metaverse is making non-fungible tokens extremely useful assets in our virtual lives.

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Non-Fungible Tokens Trademark Intellectual Property Art 52

Traverse Legal Blog

JANUARY 29, 2022

Today we are going to talk about NFTs or non-fungible tokens. The person who buys that NFT becomes the owner, and they can transfer ownership later, and that person becomes the new owner, and so on” -Enrico Schaefer, NFT Attorney. They are retaining their copyright ownership. Ownership of NFTs.

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Licensing Non-Fungible Tokens Copyright Copying 102

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). A Non-Fungible Token or NFT is a programmable digital unit of value which is recorded on a digital ledger. Introduction. What is NFT?

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Non-Fungible Tokens Copyright Ownership Social Media 52

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. BTW, the same rules apply for non-fungible tokens (NFTs). Yes, your client's permission is required. This is the case regardless of whether the catalog is sold or offered for free.

Artwork 52

Artwork Non-Fungible Tokens Art Copying 52

Kluwer Copyright Blog

JULY 20, 2022

The last couple of years has seen the emergence of Non-Fungible Tokens (NFTs) as an important medium for the creation, sale and collection of art, with numerous instances of big money purchases of NFTs. Image by Riki32 via Pixabay. The Right to Create and Sell NFTs.

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Copyright Copying Non-Fungible Tokens Copyright Law 135

Traverse Legal Blog

OCTOBER 6, 2022

An NFT or “non-fungible token” is a digital asset that links ownership to unique digital items (songs, pictures, videos, tweets and items in online games or virtual worlds) that cannot be replicated or copied. An NFT shows proof of ownership for a digital object. NFTS in the Metaverse.

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Non-Fungible Tokens Ownership Art Artwork 40

Traverse Legal Blog

APRIL 19, 2022

Token contracts include self-executing software code which makes ownership immutable – unchanging over time and unable to be changed – unless the little guy agrees. Web3 wallets owners hold private keys that execute software code that controls ownership. No GoDaddy. No escrows. No Versign.

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Branding Brands Branding Trademark 140

Biswajit Sarkar Copyright Blog

JUNE 23, 2022

Given the rapid growth of Non-Fungible Token (NFT) market, it was just a matter of time until a court recognised the labyrinth of intellectual property difficulties that surrounded the distribution and sale of NFT digital works. Court decided that an NFT platform must be responsible for the digital works it trades.

Copyright Infringement 52

Copyright Infringement Copyright Non-Fungible Tokens Artwork 52

Kluwer Copyright Blog

JULY 5, 2022

In particular, non-fungible tokens (NFTs), crypto and metaverse have dominated our infospace. Then, there is a second version of property ownership, as seen in the Second Life – virtual goods created by users, which belong to them. NFTs could potentially enable ownership but this is yet to be seen. Conclusion.

Ownership 59

Ownership IP Non-Fungible Tokens Intellectual Property 59

SpicyIP

JULY 19, 2021

NFTs (Non-fungible tokens), which act as a certificate of ownership for whatever the creator puts up for sale, allow artists to set their preferred terms of contract while making sales. In this post , we informed our readers that The IP Press Law Review is inviting submissions for its inaugural issue.

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LexBlog IP

FEBRUARY 21, 2022

billion in sales in 2021 alone, the non-fungible token (“NFT”) has recently undergone a dramatic rise in prominence in the cryptoverse, similar to the “crypto summer” of 2017-18 or the “DeFi summer” of 2020. By: Joshua Durham. With an astounding $17.7 What is an NFT?

Ownership 52

Ownership Art Artwork Non-Fungible Tokens 52

Biswajit Sarkar Copyright Blog

JUNE 23, 2022

Given the rapid growth of Non-Fungible Token (NFT) market, it was just a matter of time until a court recognised the labyrinth of intellectual property difficulties that surrounded the distribution and sale of NFT digital works. Court decided that an NFT platform must be responsible for the digital works it trades.

Copyright Infringement 52

Copyright Infringement Copyright Non-Fungible Tokens Artwork 52

LexBlog IP

JANUARY 4, 2023

The emergence of blockchain-supported Non-Fungible Tokens (NFTs) has captured the interest of the entertainment and business worlds in the past couple of years. It starts with the Chinese translation of Non-Fungible Tokens. Ownership and Enforcement. Copyright Ownership. The United States.

IP 52

IP Ownership Non-Fungible Tokens Copyright Law 52

IIPRD

JUNE 9, 2024

This blog aims to discuss the challenges and opportunities of Intellectual Property Rights in the metaverse with prominent precedents. This will give recognition to those persons and provide them with ownership rights for that intellectual activity. The metaverse acted as a virtual boundary in this design for the future.

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Intellectual Property Non-Fungible Tokens Trademark Designs 59

JIPEL Copyright Blog

MARCH 29, 2022

Along with these evolutions in the digital space, forms of investment and ownership are also advancing to make use of these technologies. NFT stands for Non-Fungible Token and an NFT is a unique digital asset. Essentially, an NFT is a digital token that can serve as a certificate of ownership. What are NFTs?

IP 40

IP Non-Fungible Tokens Ownership Copyright Infringement 40

JIPEL Copyright Blog

MARCH 22, 2022

Non-fungible tokens, known colloquially as NFTs, have gained popularity due to both their scarcity and variety. NFTs provide a built-in record of ownership that travels beyond the first sale, facilitating resale royalties that can provide some percentage of revenue to the original artist on subsequent sales of music.

Music 40

Music Non-Fungible Tokens Intellectual Property Social Media 40