Traverse Legal Blog

APRIL 17, 2021

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.

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Due Diligence Licensing Non-Fungible Tokens Copyright 113

The IPKat

SEPTEMBER 5, 2022

In the case of NFTs, the use of a CC license makes a lot of sense because the value of an NFT is not uniquely centered on the related artwork, which is any case relevant, but on the artist's bio, the blockchain on which is minted and, ultimately, the token (the non-fungible token, in fact, as different from the artwork linked to it).

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Licensing Non-Fungible Tokens Artwork Contracts 95

The IPKat

JUNE 27, 2022

Consequently, the definition of NFTs as “certificate of authenticity” or “certificate of ownership” is not accurate. Secondly, and coherently with trade mark and unfair competition cause of actions, the entire complaint is built around the idea of Ripps misleading consumers, damaging BAYC value and profiting from BAYC’s goodwill.

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Non-Fungible Tokens Contracts Copying Art 135

Intepat

SEPTEMBER 15, 2023

This burgeoning genre is not only pushing the boundaries of artistic expression but also challenging the established norms of copyright ownership. This blog post embarks on a comprehensive journey to unravel the complex issue of copyright ownership in AI-generated art. Copyright laws are designed to safeguard the rights of creators.

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Copyright Lately

NOVEMBER 21, 2021

Depending upon which side of the fence you’re sitting on, non-fungible tokens (NFTs) are either the greatest economic innovation of the twenty-first century or the biggest grift since Lyle Lanley sold Springfield a monorail. Again, NFTs are just an ownership record and a link to content. NFTs Are Not Copyrightable.

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Copying Non-Fungible Tokens Contracts Copyright 129

IP and Legal Filings

OCTOBER 18, 2022

The IT Bill mandates a licencing structure for numerous services, including social networks and data centres, while offering broad definitions for social network and service provider. NFTs, which stand for “ Non-Fungible Tokens ,” must first be understood in order to comprehend what “fungible” means.

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Trading Secrets

JUNE 13, 2022

A non-fungible token (“NFT”) is a type of financial asset that is made up of digital data stored in a blockchain. The person or entity that owns the NFT records the ownership in the blockchain, which allows NFTs to be sold and traded. Clear as mud, right?

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Non-Fungible Tokens Technology Confidentiality Ownership 59

Kluwer Copyright Blog

JULY 5, 2022

In particular, non-fungible tokens (NFTs), crypto and metaverse have dominated our infospace. The first topic up for discussion by the panel was the actual definition of the metaverse. Then, there is a second version of property ownership, as seen in the Second Life – virtual goods created by users, which belong to them.

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Ownership IP Non-Fungible Tokens Intellectual Property 59

SpicyIP

JULY 19, 2021

Serious Comparative Advertising: Broadening the Definition. She argues that the law should broaden the definition of serious comparative advertisement (where the owner of the mark advertises his product reference to his competitor’s product based on scientific study) by allowing multiple comparisons. Thematic Highlights.

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Advertising Advertising Non-Fungible Tokens Intellectual Property 105

Kluwer Copyright Blog

JULY 20, 2022

The last couple of years has seen the emergence of Non-Fungible Tokens (NFTs) as an important medium for the creation, sale and collection of art, with numerous instances of big money purchases of NFTs. Image by Riki32 via Pixabay.

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Copyright Copying Non-Fungible Tokens Copyright Law 135

Corsearch

NOVEMBER 15, 2022

There are different definitions of what the metaverse is. Stored on the blockchain, an NFT (non-fungible token) is a unique token created in relation to a specific digital asset, like an image, music track or video clip. The accuracy and traceability of ownership is the key attraction here.

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SpicyIP

FEBRUARY 27, 2024

The question of ownership in the virtual world, particularly in video games, has long been debated. For more descriptive posts especially on Non-Fungible Tokens (NFTs) and copyright law, check Adarsh Ramanujan’s two-part post here and here and Awani Kelkar’s post here. While the terms like virtual reality, AI, etc.,

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LexBlog IP

APRIL 25, 2022

AML/CFT regime related to beneficial ownership, real estate, and investment advisers and nonfinancial gatekeepers before turning its attention to the high-value art market.” If NFTs were to fall under the FATF’s definition of VASPs, they would become subject to the U.S. Auction Houses and Galleries. AML/CFT obligations. [33]

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Intepat

OCTOBER 28, 2024

Among these virtual assets are NFTs (Non-Fungible Tokens), which can be described as real-world items transformed into digital tokens that can be traded in virtual marketplaces. NFTs are unique digital tokens that represent ownership of specific digital assets. Income generated through NFTs is taxed at 30%.

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Non-Fungible Tokens Copyright Contracts Ownership 52