IP Tech Blog

DECEMBER 3, 2021

Virtual currency is staple fodder in the world of gaming in order to purchase more “lifes”, items of assistance or time to complete a level. Now, increasingly, game developers are also providing opportunities for players to reach into their real world wallet and purchase virtual currency.

Advertising 67

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Technology & Marketing Law Blog

MAY 17, 2022

This case involves Roblox, a virtual world. Roblox has an in-game currency, Robux. Users can manufacture virtual items in-game, and other users can buy those items using Robux, with Roblox taking a cut of the transactions. Lots of academics and bloggers wrote about the topic, but we had very few actual court cases addressing it.

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Contracts Publishing Licensing Editing 122

LexBlog IP

DECEMBER 3, 2021

Virtual currency is staple fodder in the world of gaming in order to purchase more “lifes”, items of assistance or time to complete a level. Now, increasingly, game developers are also providing opportunities for players to reach into their real world wallet and purchase virtual currency.

Advertising 52

Advertising Advertising Publishing Government 52

SpicyIP

FEBRUARY 27, 2024

Without further ado, here’s what I found in the Januarys: Virtual World, Gaming, and IPs: Sifting through January pages, a decade-old post by Deepshikha Malhotra caught my attention, discussing Property Rights in the Virtual World. While the terms like virtual reality, AI, etc., Relevant here are Arun C. Well … not really!

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Non-Fungible Tokens Copyright Business Moral Rights 59

Technology & Marketing Law Blog

MARCH 29, 2022

She played the game virtually every day from 2016-19–over 10,000 hours worth–and spent over $9,000 on in-game transactions. She also claims that she was harassed by in-game moderators who are “volunteers” but compensated with extra in-game privileges and currency. Case citation : Quinteros v. LEXIS 55640 (W.D.

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IPilogue

DECEMBER 15, 2021

Despite the fast-approaching exam season, the virtual event had an excellent turn-out of students and legal community members. The panel garnered traction preceding the event, with participants eagerly sending in questions on topics ranging from cryptocurrency concerns to the future of non-fungible tokens (“NFTs”).

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Technology Non-Fungible Tokens Law Government 106

IP Tech Blog

JANUARY 4, 2023

Given that the Chinese government prohibits the transaction of virtual currencies, the Chinese market and users had to change this translation to avoid referring to crypto currencies as that could make NFTs illegal. For more details on the topic of design and the metaverse in China see our previous blog post.

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IP Ownership Non-Fungible Tokens Copyright Law 109