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Which field of law will govern such digital assets and the NFT technology? In this paper, it is argued that Private-propertylaw must be the field of law governing transactions involving Non-FungibleTokens. 1] Consequently, Personal Propertylaw has not yet been invoked to govern online transactions.
The United States Patent and Trademark Office (“USPTO”) and the United States Copyright Office (“USCO”) delivered a report to Congress entitled Non-FungibleTokens and IntellectualProperty on March 12, 2024 (“Report”). For now, not much will change from a legislative perspective.
Dirk Visser of Leiden University moderated this discussion on non-fungibletokens (“NFTs”) and intellectualproperty (“IP”), which featured three speakers— Richard Lehv , Alexandra Giannopoulou , and Andres Guadamuz —who discussed different aspects of NFTs through their individual presentations.
Besides, creators can benefit from smart contracts and determine that a certain percentage of the sales price goes to the original creator each time the work is resold. Blockchain-powered timestamps coupled with smart contracts could help address complex copyright and other IP-related problems (patents, trademarks, etc.)
On 5 May 2022, The People’s Republic of China (PCR) deposited a declaration of extension of the territorial application of the United Nations Convention on Contracts for the International Sales of Goods (CISG) to Hong Kong, Special Administrative Region. . 12/05/22 – International Trade. 12/05/22 – International Trade.
The United States Patent and Trademark Office (“USPTO”) and the United States Copyright Office (“USCO”) delivered a report to Congress entitled Non-FungibleTokens and IntellectualProperty on March 12, 2024 (“Report”).
The auction of NFT ( non-fungibletokens ), which we addressed in this post , comprising wearable works of digital art, has revolutionized the trademark industry. As far as legal aspects are concerned, the IntellectualPropertyLaw could be of help here.
This historic ruling created a precedent for companies looking to protect their trademarks in the metaverse and sparked debate about whether Non-FungibleTokens (NFT) are protected by intellectualpropertylaws.
In particular, non-fungibletokens (NFTs), crypto and metaverse have dominated our infospace. Last Wednesday, Fide (a legal-economic think-tank) held the latest in their series of Global Digital Encounters (GDE) – an online panel discussion focusing on the metaverse and IP with some of the leading experts in digital laws.
They are sold and/or traded in connection with “smart contracts” that govern the terms of transfer. But NFTs are separate and distinct from the digital items they are meant to authenticate, making it extremely difficult to assign title to the various intellectualproperty rights stemming from the sale of each NFT.
billion in sales in 2021 alone, the non-fungibletoken (“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
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