article thumbnail

How NFTs Work In Gaming: A Developer’s Perspective

Traverse Legal Blog

The first known NFT was minted in 2014 and since then has seen rapid growth. An NFT or “non-fungible token” is a digital asset that links ownership to unique digital items. Non-fungible tokens have been designed to give you ownership of something that cannot be replicated or copied.

article thumbnail

[Guest post] Free Holdings case raises important issues regarding the legal nature of NFTs

The IPKat

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-fungible tokens (NFTs). Ownership of every name periodically expires and, at that point, anyone may freely claim it on Namecoin by re-registering the expired name.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Protection of Non-Fungible Tokens in Vietnam

IP and Legal Filings

NFTs ( Non-fungible token ) are digital assets that represent tangible or intangible items, built on existing or newly-created blockchain networks. Since each NFT has a unique encoding, unlike cryptocurrencies with fungible properties, its denomination is based on the quantity and uniqueness of each item. Introduction.

article thumbnail

Principal Cynthia Walden and Associate Sarah Kelleher Author World Intellectual Property Review Article “Selling the Intangible in Fashion: What Does It Mean for Trademark Protection?”

Fish & Richardson Trademark & Copyright Thoughts

Principal Cynthia Walden and Associate Sarah Kelleher discuss the non-fungible token (NFT) trend across the fashion industry and what this digital arena means for trademark protection and enforcement. NFTs are data units stored on a blockchain used to transfer ownership of physical items or digital media with smart contracts.

article thumbnail

The Growing Popularity of NFTs: How to Protect Your NFT Personal Property Rights

LexBlog IP

billion in sales in 2021 alone, the non-fungible token (“NFT”) has recently undergone a dramatic rise in prominence in the cryptoverse, similar to the “crypto summer” of 2017-18 or the “DeFi summer” of 2020. With an astounding $17.7 This analysis will roughly follow the below examples.

article thumbnail

Taking the “Fun” Out of Non-Fungible Tokens: Could Securities Laws Apply to NFTs?

LexBlog IP

As many know by now, non-fungible tokens (“NFTs”) are unique units of data stored on a blockchain that have become an increasingly popular way to buy and sell artwork (as well as all kinds of other things). Code § 77b(a)(1). [7]. See 15 U.S. Code § 77b(a)(1). [8]. 8]. See, e.g. , Uselton v. Lovelace Motor Freight, Inc. ,