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The United States Patent and Trademark Office (“USPTO”) and the United States Copyright Office (“USCO”) delivered a report to Congress entitled Non-FungibleTokens and Intellectual Property on March 12, 2024 (“Report”). By: Sheppard Mullin Richter & Hampton LLP
First off today, Jack Queen at Reuters reports that Miramax and director Quentin Tarantino have reached a settlement in their dispute over Pulp Fiction-based NFTs. The dispute began last year when Tarantino announced that he would sell several non-fungibletokens (NFTs) based on the film Pulp Fiction.
First off today, Meghann Cuniff at Law & Crime reports that Miley Cyrus is the latest celebrity to face a lawsuit from New York photographer Robert Barbera, causing her to join the ranks of Justin Bieber and Ariana Grande. Let me know via Twitter @plagiarismtoday. Most celebrities have opted to settle their cases.
First off today, Samantha Handler at Bloomberg Law reports that the film studio Mirimax has filed a copyright infringement lawsuit against director Quentin Tarantino over Tarantino’s plans to release of Non-FungibleTokens (NFTs) related to the film Pulp Fiction. Let me know via Twitter @plagiarismtoday.
First off today, Matt Novak at Gizmodo reports that, in a talk at South by Southwest, Meta CEO Mark Zuckerberg announced that NFTs were coming to Instagram and that users “would be able to mint things within that environment.” ” NFTs, or non-fungibletokens, have seen both big sales and big business in the past year.
The US Patent and Trademark Office (USPTO) and the Copyright Office have published the results of their joint study on non-fungibletokens (NFTs) and intellectual property (IP). The Report was created in response to a June 2022 request from Senators Patrick Leahy (D-VT) and Thom Tillis (R-N.C.) to undertake a study.
The United States Patent and Trademark Office (“USPTO”) and the United States Copyright Office (“USCO”) delivered a report to Congress entitled Non-FungibleTokens and Intellectual Property on March 12, 2024 (“Report”). In other words, this is more of a contractual issue than statutory issue in the US.
A comment to the EUIPO Guidance on NFTs by Paolo Maria Gangi As The IPKat reported a few days ago here , the European Intellectual Property Office (EUIPO) has recently released some guidance notes on its approach to the classification of non-fungibletokens (NFTs).
Nike has sued the StockX platform for trademark infringement because the platform minted, marketed, and sold non-fungibletokens (NFTs) using Nike trademarks. As The Verge reported. By: AEON Law
Non-fungibletokens (NFTs) have exploded in popularity over the past year. A report by blockchain specialist Chainalysis found that almost $41 billion was spent on NFTs in 2021—a number that is likely to continue growing. Use cases for NFTs have been growing as more industries are realizing the benefits they present.
Nonfungibletokens (NFTs) , the latest vehicle for capturing, linking to and licensing intellectual property. The tokenization of digital files so that a single owner of that file can be recorded on the blockchain and identified is an important breakthrough in IP protection. . Does “Fair Use” Apply to NFTs?
From ownership to expression to revenue, it’s no secret that non-fungibletokens (NFTs) have made a significant impact on the art world in the last 18 months. Moving beyond the popular media reporting of record valuations and social FOMO (fear of missing. By: Carlton Fields
Few issues in the world of intangible rights contain as many legal uncertainties as do non-fungibletokens. Non-FungibleTokens (NFTs), ranging from art and literature to fashion and cinema, remain among the hottest legal topics in the world of intangible rights, despite the lack of clear legal regulation.
As reported here and here , this year’s edition coincides with the 30th anniversary of the European Union Intellectual Property Office (EUIPO). Part of the IPKat team and some Katfriends are also in Alicante reporting on the event. See the reports #1 here , #2 here and #3 here.
The popularity of non-fungibletokens, NFTs for short, has reached new highs over the past year. This has also drawn the attention of celebrities, some of whom agreed to tie their names and creations to these digital collectibles. Last fall, Quentin Tarantino joined in as well.
Still, the straightforward process for creating non-fungibletokens (NFT) has accelerated the theft of digital art. This recommendation would still require artists to verify the results and report an infringement to marketplaces. Second, marketplaces need to overhaul their process for verifying listings.
Eager to cash in on the non-fungibletoken (‘NFT’) boom, as widely reported in the media, Quentin Tarantino recently announced plans to auction off seven ‘exclusive scenes’ from the 1994 motion picture Pulp Fiction in the form of NFTs,” the complaint read.
First off today, Elizabeth Aubrey at NME reports that Ed Sheeran, fresh off his victory in the Shape of You trial, has said that, in a bid to head off any further copyright infringement lawsuits, he has taken to recording all his songwriting sessions. Let me know via Twitter @plagiarismtoday.
The Singapore High Court ruled on 21 October 2022 that non-fungibletokens (NFTs) can now be considered property, Coindesk reports. Amin Hosseini is an IPilogue Writer and an LLM Candidate at Osgoode Hall Law School.
According to a report by Markets and Markets, the cryptocurrency market is expected to grow from USD 1.6 With uncertainty looming over several corporate and non-corporate entities, digital currencies have managed to garner attention. Several reports have suggested that there exist over 500 blockchain patents worldwide.
NFT stands for non-fungibletoken. 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. There have been no reports of NFTs themselves being successfully targeted by hackers.
“Eager to cash in on the non-fungibletoken (‘NFT’) boom, as widely reported in the media, Quentin Tarantino recently announced plans to auction off seven ‘exclusive scenes’ from the 1994 motion picture Pulp Fiction in the form of NFTs,” the complaint reads.
Non-fungibletokens, or NFTs, have been booming over the past year. People are willing to pay millions of dollars in return for the rights to unique digital assets as well as any perks that come with them. These NFTs are not without copyright issues. The NFTs that will go up for auction are linked to iconic Pulp Fiction scenes.
The Rise of Non-FungibleTokens (NFTs) and the Role of Copyright Law – Part II by Peter Mezei , João Pedro Quintais , Alexandra Giannopoulou and Balázs Bodó. The Rise of Non-FungibleTokens (NFTs) and the Role of Copyright Law – Part I by Peter Mezei , João Pedro Quintais , Alexandra Giannopoulou and Balázs Bodó.
Over the past few years, there has been an increased interest in the metaverse (see IPKat posts here ) and NFTs , non-fungibletokens (see IPKat posts here ). Here is TechieKat’s report on the event! From a trade mark perspective, the appropriate classification of goods and services has also been in the spotlight.
There has obviously been a considerable amount of excitement around non-fungibletokens (NFTs) over the last few years and some interesting developments in the last few months. Recently, I spoke in the PRS London Members' Day panel about NFTs, alongside Cliff Fluet (Lewis Silkin) and Mike Walsh (Serenade).
COPYRIGHT Giovanni Maria Riccio and Fabiola Iraci Gambazza (E-Lex law firm) reported on the recent publication of the European Audiovisual Observatory entitled " Mapping report on national remedies against online piracy of sports content ", commissioned by the European Commission. Several cases were concluded without judgment.
The IPKat is pleased to host the following guest post by Katfriend Paolo Maria Gangi (Studio Gangi) on a recent case addressing the legal nature of non-fungibletokens (NFTs). On 23 August 2021, Sotheby’s sold the “re-minted” on Ethereum Quantum NFT to a buyer, Alex Amsel, for a reported sum of $1,472,000 US.
In two judgments (Basmati, T-342/20 - which we reported on some time ago - and APE TEES, T-281/21), the General Court found that they are relevant (the cases were decided in October 2021 and March 2022, respectively). The Kluwer Copyright Blog reports on a recent Italian Supreme Court decision addressing this question.
Eager to cash in on the non-fungibletoken (‘NFT’) boom, as widely reported in the media, Quentin Tarantino recently announced plans to auction off seven ‘exclusive scenes’ from the 1994 motion picture Pulp Fiction in the form of NFTs,” the complaint read.
Below is a recap of the latest news from the Kat-world to keep you fresh and cool:- Trade Marks The European Intellectual Property Office (EUIPO) has recently issued some guidance notes on its approach to classifying items relating to virtual and non-fungibletokens (NFTs).
Trade Marks The Fashion Law blog reported on the on-going trade mark feud between Kanye West’s Yeezy brand and the US-based retail corporation Walmart. Other Non-fungibletokens (NTFs) are more and more discussed in connection with their IP implications. The current battle is over a U.S.
. “Duties of this position include supporting antipiracy enforcement efforts, researching piracy technologies, websites, and apps, tracking piracy data, providing regular reports on piracy trends, evaluating prospective providers of antipiracy services and managing existing providers,” the listing reads. And on Sunday.
Securing IP rights As of September 2022, there have been more than 23,000 trademark filings across the globe that include NFTs or non-fungibletokens in their description. The USPTO received most of the applications covering 37% of all the requests for a trademark registration covering NFTs (Non-FungibleTokens).
The United States Patent and Trademark Office (“USPTO”) and the United States Copyright Office (“USCO”) delivered a report to Congress entitled Non-FungibleTokens and Intellectual Property on March 12, 2024 (“Report”).
The IPKat has reported on a few of them below. TRADE MARKS The so-called "metaverse" and "non-fungibletokens" (NFTs) have generated hype among technology enthusiasts over the past two years. Marks IP has reported on the background to the dispute and the JPO's decision on the invalidity action.
Image by Tumisu via Pixabay Non-fungibletokens (NFTs) are altering society’s notion of digital ‘ownership’ and redefining the common perspective on distribution of original works to consumers by introducing scarcity to the digital realm.
According to a Bloomberg Intelligence report [2] , the worldwide revenue opportunity from the metaverse is predicted to hit $800 billion in 2024, up from the estimated $500 billion in revenue generated by the metaverse in 2020. Retailers like Walmart, Tommy Jeans, Thar, Vogue, and Ajio Luxe have recently registered under class 9.
Intellectual property owners need to add the metaverse to places to watch for possible infringement, specifically, trademark or copyright infringement in the form of NFTs or non-fungibletokens. So from our perspective, NFTs stands not only for “non-fungibletokens” but also “New Frontiers for Trademarks.”.
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. Another interesting business model making its way into the music industry has pretty much been the talk of the town for a few months now – NFTs (Non-fungibletokens).
Morgan report, which opens up a huge possibility for IPR filings and infringement lawsuits. In the legal dispute between Amarreto Ranch Breedables, LLC and Ozimals, Inc. , Conclusion 54 billion dollars are being spent on virtual goods, according to a recent J.P.
NFTs (non-fungibletokens, not thoroughbreds) were not a disappointment but instead were all the rage for holiday giving this year, including offerings from brands such as Adidas and Balmain x Barbie. .” Watch for a laugh here: [link]. And we might see you there!
To ensure you don’t miss out on interesting IP law developments reported on our other IP blogs, we will, on a regular basis, provide you with an overview of the most-read posts from each of our IP law blogs. Here are the most popular posts over the past few months. Top 3 Kluwer Copyright Blog posts. Top 3 Kluwer Copyright Blog posts.
Game developers and publishers monetizing the evolving ecosystem of blockchain games should take particular note—especially as it relates to games that facilitate in-game fungible or non-fungibletoken exchanges. As background, FinCEN serves to regulate money transmitters under the federal Bank Secrecy Act.
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