article thumbnail

Analysing the Intersection of Blockchain, Cryptocurrencies and Intellectual Property Rights

IP and Legal Filings

In a broad sense, blockchain technology can be defined as an open ledger of information that is used to keep a digital record of the transactions that occur in the crypto market. The NFT space also serves as a breeding ground for copyfraud and copyright infringement. NFTs may be represented in the form of memes, artworks, or videos.

article thumbnail

A Brief Thematic Review of Non-Fungible Tokens and their Copyright

IP and Legal Filings

In today’s digital world, a lot of data and information have been shared online and are susceptible to corruption and copying. iv] Through a structured verification procedure that adds a new block, verifies the information, and then adds the data to the blockchain, this system ensures authenticity.