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Non-fungibletokens ("NFTs") - what are they, anyhow? Technically, they are a digital asset. Again, what does that mean? On Monday, May 16, 2022, SoCal IP Law Group LLP partner Marina L.
Consider the recent WIPO webinar , "Blockchain Whitepaper for IP Ecosystems", at which the view was expressed that the future of IP management rights could include a solution that utilizes tokens, and, in particular, non-fungibletokens. The process of creating a digital asset with a smart contract is called "minting".
I am a co-author of this paper with my fellow AIPLA committee colleagues, who each provided perspectives on AR/VR as it relates to the Metaverse and in view of current utility and designpatent law. The authors include Barrett Spraggins, David Pointer, George Raynal, and Ryan Phelan.
The emergence of blockchain-supported Non-FungibleTokens (NFTs) has captured the interest of the entertainment and business worlds in the past couple of years. It starts with the Chinese translation of Non-FungibleTokens. It has been debated whether NFTs/DC could be protected in China by designpatents.
Hermes recently sued a digital artist for knocking off its Birkin handbag through the issuance of MetaBirkin non-fungibletokens (“NFT”). Second, be on the lookout for competitors and opportunists knocking off your designpatents, goods, and services, or causing consumer confusion.
But in this sphere of metaverse and blockchain currencies, the Ethereum blockchain has gained skyrocketing popularity with the evolution of Non-FungibleTokens. Non-FungibleTokens mainly refer to digital files of various digital as well as physical goods and creations that are stored as tokens and can be traded easily.
As recently in 2022 Hermès, a fashion house sued Manson an NFT (non-fungibletoken) creator for trademark infringement who marketed a digital asset called “Metabirkins”, which was a digital copy of a bag created by Hermès, which sold at many high prices. Conclusion and Suggestions.
The emergence of blockchain-supported Non-FungibleTokens (NFTs) has captured the interest of the entertainment and business worlds in the past couple of years. It starts with the Chinese translation of Non-FungibleTokens. It has been debated whether NFTs/DC could be protected in China by designpatents.
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