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In May 2021, a phenomenal IPilogue submission by Keir Strickland-Murphy (Osgoode Law ‘22) touched on the recent boom of Non- fungibleTokens. In this piece, I will recapitulate Strickland- Murphy’s exploration of IP ownership of Non-fungibleTokens and expand on recent developments since May.
Parallel to this, Non-FungibleTokens, often known as NFTs, have seen tremendous growth as more and more people enter the market. vii] NFTs are prone to “copyfraud” and other violations of the moralrights of the inventor. Chinlund, WHAT ARE THE COPYRIGHT IMPLICATIONS OF NFTS?
The rise in popularity of non-fungibletokens (NFTs) has attracted a great deal of attention from copyright practitioners and aficionados. Mango, in turn, sustained in its defence that (i) as the rightful owner of the physical Paintings, it was entitled to display them in public, and that (ii) the creation of digital works (i.e.
Last week, The UK’s High Court, recognized NFTs (non-fungibletokens) as property , separate from the underlying right they represent, capable of being frozen by way of an injunction. . The territorial application will take effect on 1 December 2022. 12/05/22 – Innovation.
Non-fungibletokens, or “NFTs,” gained worldwide notoriety in the art world last year following the sale of Beeple’s EVERYDAYS: The First 5000 Days for a staggering $69 million at Christie’s. As artists increasingly express themselves through NFTs, will their moralrights be protected?
For more descriptive posts especially on Non-FungibleTokens (NFTs) and copyright law, check Adarsh Ramanujan’s two-part post here and here and Awani Kelkar’s post here. Google, particularly looking into ‘consent’ and the moralrights of a performer.
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