Remove Contracts Remove Due Diligence Remove Government Remove Non-Fungible Tokens
article thumbnail

NFT Copyright License Rights: Due Diligence is Critical.

Traverse Legal Blog

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.

article thumbnail

NFTs: promisingly transformational, yet fraught with IP pitfalls – Part I

Kluwer Copyright Blog

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. Valid Transfer of Rights?

article thumbnail

U.S. Treasury Study Rejects Immediate Need for New Regulation of Art Market

LexBlog IP

15] We discuss below three areas that may be of particular interest to this blog’s readership: auction houses and galleries, online marketplaces, and non-fungible tokens (“NFTs”). where due diligence requirements are rarely implemented and transactions occur without the interference of art market professionals.

Art 52