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HitPiece Infringes Music Creators’ IP Rights: The Impact of NFTs in the Music Industry

IPilogue

On February 4, the Recording Industry Association of America (“RIAA”) sent a demand letter to HitPiece.com’s lawyer and its founders, demanding that it stops infringing music creators’ intellectual property rights. Non-fungible tokens (“NFTs”) are one-of-a-kind tokens stored on blockchain that can be sold and traded.

Music 130
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Non-Fungible Tokens (NFT) and Copyright

Biswajit Sarkar Copyright Blog

One of the biggest stories of 2021 in the ever evolving world of distributed ledgers and crypto currencies has been the rise of Non-Fungible Tokens (NFTs). Other digital works like memes, music albums and NBA clips are being sold on NFTs marketplaces where NFTs can be bought and sold. Introduction. What is NFT?

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NFT Company Seeks to Avail Itself of Trade Secret Protections

JD Supra Law

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. NFTs typically are made up of digital files such as photos, videos, and music.

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COPYRIGHT IN METAVERSE

Intepat

Issues of ownership, counterfeit goods, and infringements are rising concerns, threatening the sustainability of creativity in the metaverse. Copyright and Ownership in the Metaverse In the metaverse, copyright applies to digital creations such as virtual art, music, designs, and even entire virtual worlds.

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“Murky Terms of Purchase and Ownership”: Nike Sues StockX Over Virtual Sneaker NFTs

IPilogue

and requiring someone to repeat their answer after you zoned out, here is the definition: Non-fungible token (“ NFT ”): a digital asset that represents real-world objects like art, music, in-game items, and videos. For those of you like me who have survived this long asking the question “what is an NFT?”

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Pandemic Push: Royalty-Based Business Model for Better Downstream Revenue for Musicians

SpicyIP

A recent article by Paul Sullivan in the New York Times reported on an interesting change occurring in the music industry due to the pandemic. Investors have taken a renewed interest in looking at music royalties as an asset type. An NFT acts as a certificate of ownership for whatever the creator puts up for sale.

Business 122
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“For Sale: This Article”: an overview of non-fungible tokens (NFTs) and IP

IP Whiteboard

NFT stands for non-fungible token. Non-fungible basically means unique. By way of comparison, a $10 note is an example of a fungible asset, because it can be replaced with another $10 note, or two $5 notes. And what role does intellectual property ( IP ) play in their creation and sale? What are NFTs?