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The biggest individual brand story of the year was Facebook’s announcement of its new META brand. Trademark filings related to non-fungibletokens (NFTs) exploded in 2021. The post Top Trademark Trends of 2021 (Meta TMA edition) appeared first on Erik M Pelton & Associates, PLLC. Mega META announcement.
The fashion industry was one of the first industries to enthusiastically explore the opportunities afforded by the metaverse and NFTs (non-fungibletokens). 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.
NFT stands for non-fungibletoken. 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. Trade marks are typically associated with a brand and may include brand names, slogans and logos.
A recent example of how the metaverse will include digital fashion is the conflict between Hermès and MetaBirkins over allegedly trademark-infringing non-fungibletokens ("NFTs") that were marketed as MetaBirkins without Hermès' permission. Julie Zerbo tells the rest of the story on The Fashion Law.
For brands and rights holders, these technologies mean a change in consumer behavior, a shift towards more immersive digital engagement with their customers, and an array of new business opportunities. However, we’re already observing complex IP and brand protection challenges, and it’s important businesses plan their strategies carefully.
Non-fungibletokens, 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-fungibletokens extremely useful assets in our virtual lives.
Introduction Digital technologies such as the metaverse, non-fungibletokens ( NFTs ), blockchain and augmented realities are directly influencing how we cultivate and protect various forms of intellectual property, including trade marks. physical) marks.
Rothschild also cited the reproduction, by well-known artist Andy Warhol, of brands like Campbell’s Soup and Coca Cola in his artistic work: “ Andy Warhol famously depicted iconic brands, including Campbell’s Soup and Coca-Cola, in stylized but plainly recognizable form.
The rise in popularity of non-fungibletokens (NFTs) has attracted a great deal of attention from copyright practitioners and aficionados. More from our authors: International Cybersecurity and Privacy Law in Practice, Second Edition by Charlotte A. And why is that? We will have to keep an eye out for the second round.
Non-fungibletokens (NFTs) are one of many possible use cases for how blockchain technologies could help monetize creative works and reduce the reliance on intermediaries (for an analysis of copyright issues with NFTs see here and here ). Intellectual Property Law in China, 2nd edition. by Christopher Heath. €
As previously reported on this blog , non-fungibletokens (or “NFTs”) recently emerged as one of the hottest new items on the art market—artists, auction houses, museums, sports organizations and others have jumped at the chance to create and sell their own versions of these unique tokens.
February 2022: Nike sues online retailer StockX for trademark infringement based on StockX’s sale of NFTs for limited edition Nike sneakers that include images of the sneaker. ” Rothschild lost his motion to dismiss and is seeking certification for an interlocutory appeal. District Court for the Central District of California.
The emergence of blockchain-supported Non-FungibleTokens (NFTs) has captured the interest of the entertainment and business worlds in the past couple of years. In turn, this attracts interest from businesses ranging from fashion and sports brands, sport teams, designers, game developers, and other content owners.
The emergence of blockchain-supported Non-FungibleTokens (NFTs) has captured the interest of the entertainment and business worlds in the past couple of years. In turn, this attracts interest from businesses ranging from fashion and sports brands, sport teams, designers, game developers, and other content owners.
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