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Non-fungible Tokens: Commercializing Exclusive Digital Art- A Companion Piece

IPilogue

In May 2021, a phenomenal IPilogue submission by Keir Strickland-Murphy (Osgoode Law ‘22) touched on the recent boom of Non- fungible Tokens. In this piece, I will recapitulate Strickland- Murphy’s exploration of IP ownership of Non-fungible Tokens and expand on recent developments since May.

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Around the IP Blogs

The IPKat

We say goodbye to 2021 with the most interesting posts and articles from the surrounding IP blogs of the past week! Creator Mason Rothschild revealed in an open letter to Hermès, which he posted on his Instagram account on December 22, that he received a cease-and-desist letter from the French luxury goods brand.

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Trademarks and the Metaverse: Imaginary Rights or Real Wrongs?

SpicyIP

Her previous posts on the blog can be viewed here, here , here , here and here. If every real-world brand is also entitled to register all its goods and services in the virtual world, the trademark registration system would be considerably burdened. Aparajita is a lawyer based in Bangalore. Aparajita Lath. Image from here.

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What happened to the metaverse and NFTs in the fashion industry?

Garrigues Blog

The fashion industry was one of the first industries to enthusiastically explore the opportunities afforded by the metaverse and NFTs (non-fungible tokens). Instead of focusing on purely virtual experiences, brands have chosen to merge the physical and digital , offering products and services with a tangible link to reality.

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VIRTUAL FASHION, REAL LEGAL BATTLES: IP CHALLENGES IN FASHION NFTs

Intepat

INTRODUCTION The fashion industry, celebrated for its artistic expression and creativity, has recently ventured into the digital frontier through Non-Fungible Tokens (NFTs). The Intersection of Fashion and NFTs The fashion industrys adoption of NFTs has transformed how brands and creators interact with consumers.

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Around the IP Blogs

The IPKat

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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“Murky Terms of Purchase and Ownership”: Nike Sues StockX Over Virtual Sneaker NFTs

IPilogue

and requiring someone to repeat their answer after you zoned out, here is the definition: Non-fungible token (“ NFT ”): a digital asset that represents real-world objects like art, music, in-game items, and videos. The mega shoe brand alleges that these sales will confuse customers.